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 werks and that Iytar - 12 monthe. Round your answer to the nearest dollar.\begin{tabular}{|c|c|}\hline bincone & Expenses \\\hline Salany \$\(64500\)/year & Mortagage \( \$ 3450 / \) month \\\(\newline\)\hline \multirow[t]{\(4\)}{*}{ Jewelry ales: \( \$ 400 / \) month } & Groceries \( \$ 150 / \) week \\\(\newline\)\hline & Household expenses \( \$ 240 / \) month \\\(\newline\)\hline & Car insurance: \( \$ 2150 \) semiannually \\\(\newline\)\hline & \begin{tabular}{l} \(\newline\)Donations: \( \$ 800 \) year \\\(\newline\)Miscellaneous: \( \$ 500 / \) month\(\newline\)\end{tabular} \\\(\newline\)\hline\(\newline\)\end{tabular}
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 1 month −4 werks and that Iytar - 12 monthe. Round your answer to the nearest dollar.\begin{tabular}{|c|c|}\hline bincone & Expenses \\\hline Salany \$\(64500\)/year & Mortagage \( \$ 3450 / \) month \\\(\newline\)\hline \multirow[t]{\(4\)}{*}{ Jewelry ales: \( \$ 400 / \) month } & Groceries \( \$ 150 / \) week \\\(\newline\)\hline & Household expenses \( \$ 240 / \) month \\\(\newline\)\hline & Car insurance: \( \$ 2150 \) semiannually \\\(\newline\)\hline & \begin{tabular}{l} \(\newline\)Donations: \( \$ 800 \) year \\\(\newline\)Miscellaneous: \( \$ 500 / \) month\(\newline\)\end{tabular} \\\(\newline\)\hline\(\newline\)\end{tabular}
Convert salary to monthly: Convert annual salary to monthly by dividing by 12.$64500/year ÷12 months/year = $5375/month.
Convert groceries to monthly: Convert weekly groceries expense to monthly by multiplying by 4.$150/week×4weeks/month=$600/month.
Convert car insurance to monthly: Convert semiannual car insurance to monthly by dividing by 6.$2150 semiannually ÷6 months/semiannual = $358.33/month.
Convert donations to monthly: Convert annual donations to monthly by dividing by 12.$800/year÷12 months/year=$66.67/month.
Add up monthly expenses: Add up all monthly expenses.Mortgage + Jewelry sales + Groceries + Household expenses + Car insurance + Donations + Miscellaneous = $3450 + $400 + $600 + $240 + $358.33 + $66.67 + $500 = $5615/month.
Calculate net cash flow: Subtract total monthly expenses from monthly salary to find net monthly cash flow.$5375/month−$5615/month=−$240/month.
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