Cody Sebastian, of Lubbock, Texas, earns $60,000 a year. He pays 28 percent of his gross income in federal, state, and local taxes. He has fixed expenses in addition to taxes of $2,000 per month and variable expenses that average $1,400 per month. What is his net cash flow (surplus or deficit) for the year? Enter negative values with a minus sign. Round your answer to the nearest dollar.

Answer rating: 100% (QA)

Gross salary is 60000 Paid Out 28 paid to FederalState and Local Tax... View the full answer