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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.




bincone
Expenses


Salany $64500/year
Mortagage 
$3450// month


Jewelry ales: 
$400// month
Groceries 
$150// week


Household expenses 
$240// month


Car insurance: 
$2150 semiannually





Donations: 
$800 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 werks and that Iytar - 1212 monthe. Round your answer to the nearest dollar.\newline\begin{tabular}{|c|c|}\newline\hline bincone & Expenses \\\newline\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}

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 werks and that Iytar - 1212 monthe. Round your answer to the nearest dollar.\newline\begin{tabular}{|c|c|}\newline\hline bincone & Expenses \\\newline\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}
  1. Convert salary to monthly: Convert annual salary to monthly by dividing by 1212.\newline$64500\$64500/year ÷\div 1212 months/year = $5375\$5375/month.
  2. Convert groceries to monthly: Convert weekly groceries expense to monthly by multiplying by 44.$150/week×4weeks/month=$600/month.\$150/\text{week} \times 4 \text{weeks/month} = \$600/\text{month}.
  3. Convert car insurance to monthly: Convert semiannual car insurance to monthly by dividing by 66.\newline$2150\$2150 semiannually ÷6\div 6 months/semiannual = $358.33\$358.33/month.
  4. Convert donations to monthly: Convert annual donations to monthly by dividing by 1212.$800/year÷12 months/year=$66.67/month.\$800/year \div 12 \text{ months/year} = \$66.67/month.
  5. Add up monthly expenses: Add up all monthly expenses.\newlineMortgage + Jewelry sales + Groceries + Household expenses + Car insurance + Donations + Miscellaneous = $3450\$3450 + $400\$400 + $600\$600 + $240\$240 + $358.33\$358.33 + $66.67\$66.67 + $500\$500 = $5615/month\$5615/month.
  6. Calculate net cash flow: Subtract total monthly expenses from monthly salary to find net monthly cash flow.$5375/month$5615/month=$240/month.\$5375/month - \$5615/month = -\$240/month.