The expenses and income of an individual are given in table form to the right. Find the
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Question:
The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it could be positive or negative). Assume salaries and wages are after taxes. When you need to convert between weeks and months, assume that
1 month equals 4 weeks
Income:
Part time job:700 a month
College fund from grandparents : 500 a month
Scholarship: 3600 a year
Expenses:
Rent = 400 a month
Food = $60 a week
Tuition and fees=3600 twice a year
Incidentals=$90 a week
What is the net monthly cash flow?
Related Book For
Canadian Income Taxation planning and decision making
ISBN: 9781259094330
17th edition 2014-2015 version
Authors: Joan Kitunen, William Buckwold
Posted Date: