2. Complete an Income and Expenditure statement on a fortnightly basis using the appropriate format agreed to by Financial Counselling Australia (FCA). Frequency - how often is it paid eg weekly, fortnightly, monthly, quarterly IE ACCOUNT Frequency Per fortnight $ $ Income Expenditure Household House & Utilities Transport Personal Creditors (showing regular monthly repayments) Monthly Per fortnight Total Income Less expenses Sub-total Creditor payments Total Surplus / Deficit 3. Do you think that there are any expenditure items not listed that you feel this family might also include on the Income and Expenditure sheet? (50-200 words) regular payments due to his health issues and increasing medical expenses. First, let's calculate John's total monthly income and expenses. John's monthly income is $1000 per week. 4 weeks = $4000. His monthly expenses are: - Rent: $270 per week * 4 weeks = $1080 - Cigarettes: $100 per week * 4 weeks = $400 - Electricity: $30 per week * 4 weeks = $120 - Mobile: $60 per month - Water: $150 per quarter / 3 months = $50 per month - Food: $150 per week * 4 weeks = $600 - Rego/Greenslip: $1000 per year / 12 months = $83.33 per month

Answer rating: 100% (QA)

Category Frequency Per Fortnight Income Fortnightly 4000 Expenditure Household Fortnightly 1080 Hous... View the full answer