Bytelearn - cat image with glassesAI tutor

Welcome to Bytelearn!

Let’s check out your problem:

The expenses and income of an individual are given in table form. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes, that 1 month 
=4 weeks, and that 1 year 
=12 months. Round your answer to the nearest dollar.







Income


Salary 
$64500// year


Jewelyy sales: 
$400// month




Expenses


Mortagage: 
$3450// month


Groceries 
$150// week


Household expenses 
$240// mon





Car traurance 
$2150 semiaurut


Donatione: 
$500 year









Donations: 
$500 year


Miscellaneous: 
$500// month

The expenses and income of an individual are given in table form. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes, that 11 month =4 =4 weeks, and that 11 year =12 =12 months. Round your answer to the nearest dollar.\newline\begin{tabular}{|c|c|}\newline\hline \multirow{66}{*}{\begin{tabular}{l} \newlineIncome \\\newlineSalary $64500/ \$ 64500 / year \\\newlineJewelyy sales: $400/ \$ 400 / month\newline\end{tabular}} & Expenses \\\newline\hline & Mortagage: $3450/ \$ 3450 / month \\\newline\hline & Groceries $150/ \$ 150 / week \\\newline\hline & Household expenses $240/ \$ 240 / mon \\\newline\hline & \begin{tabular}{l} \newlineCar traurance $2150 \$ 2150 semiaurut \\\newlineDonatione: $500 \$ 500 year\newline\end{tabular} \\\newline\hline & \begin{tabular}{l} \newlineDonations: $500 \$ 500 year \\\newlineMiscellaneous: =12 =12 00 month\newline\end{tabular} \\\newline\hline\newline\end{tabular}

Full solution

Q. The expenses and income of an individual are given in table form. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes, that 11 month =4 =4 weeks, and that 11 year =12 =12 months. Round your answer to the nearest dollar.\newline\begin{tabular}{|c|c|}\newline\hline \multirow{66}{*}{\begin{tabular}{l} \newlineIncome \\\newlineSalary $64500/ \$ 64500 / year \\\newlineJewelyy sales: $400/ \$ 400 / month\newline\end{tabular}} & Expenses \\\newline\hline & Mortagage: $3450/ \$ 3450 / month \\\newline\hline & Groceries $150/ \$ 150 / week \\\newline\hline & Household expenses $240/ \$ 240 / mon \\\newline\hline & \begin{tabular}{l} \newlineCar traurance $2150 \$ 2150 semiaurut \\\newlineDonatione: $500 \$ 500 year\newline\end{tabular} \\\newline\hline & \begin{tabular}{l} \newlineDonations: $500 \$ 500 year \\\newlineMiscellaneous: =12 =12 00 month\newline\end{tabular} \\\newline\hline\newline\end{tabular}
  1. Convert to Monthly Salary: Convert annual salary to monthly by dividing by 1212.\newline$64500÷12=$5375\$64500 \div 12 = \$5375 per month.
  2. Add Jewelry Sales: Add monthly jewelry sales to monthly salary.$5375+$400=$5775\$5375 + \$400 = \$5775 total monthly income.
  3. Convert Grocery Expenses: Convert weekly grocery expenses to monthly by multiplying by 44.$150×4=$600\$150 \times 4 = \$600 per month.
  4. Add Monthly Expenses: Add all monthly expenses: mortgage, groceries, household expenses, miscellaneous.$3450+$600+$240+$500=$4790\$3450 + \$600 + \$240 + \$500 = \$4790.
  5. Convert Car Insurance: Convert semiannual car insurance to monthly by dividing by 66.\newline$2150÷6=$358.33\$2150 \div 6 = \$358.33, round to $358\$358 per month.
  6. Convert Donations: Convert annual donations to monthly by dividing by 1212.$500÷12=$41.67\$500 \div 12 = \$41.67, round to $42\$42 per month.
  7. Add Car Insurance and Donations: Add car insurance and donations to other monthly expenses.$4790+$358+$42=$5190\$4790 + \$358 + \$42 = \$5190 total monthly expenses.
  8. Calculate Net Cash Flow: Subtract total monthly expenses from total monthly income to find net cash flow.$5775$5190=$585\$5775 - \$5190 = \$585.

More problems from Unit rates