Fred's after tax income is $3600 a month and his expenses are generally $3600 as well....

 

Transcribed Image Text:

Fred's after tax income is $3600 a month and his expenses are generally $3600 as well. Last month he had a car accident which resulted in a $2000 unexpected expense due to the deductible on his insurance and he covered that expense with his credit card. What is the best way to describe his situation? Fred's after tax income is $3600 a month and his expenses are generally $3600 as well. Last month he had a car accident which resulted in a $2000 unexpected expense due to the deductible on his insurance and he covered that expense with his credit card. What is the best way to describe his situation?

Answer rating: 100% (QA)

The best way to describe Freds situation is that he is ... View the full answer