Prepare a personal balance sheet for Leonard based on the following figures: Wages: full time @$50/hr.; part
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Question:
Prepare a personal balance sheet for Leonard based on the following figures:
Wages: full time @$50/hr.; part time (25 hrs/wk) @40/hr.
Social Security Tax = 5% of total wages
Clothing = $250/mo.
Mortgage = $800/mo.
Trust Fund Income = $650/mo.
Property Taxes = $4800/yr. Food = $100/wk.
Savings = $365/mo.
Medical expenses = $50/wk.Transportation expenses = $150/wk.
Credit card expenses = $125/wk
Stock Investments 9350
Rental Property 935
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