Question: Fred ( age 4 4 ) and Wilma ( 4 2 ) are married and have one child, age 7 . Their annual salaries are
Fred age and Wilma are married and have one child, age Their annual salaries are $for Fred and $for Wilma Both contribute to k account and their employer matches $ for each dollar contributed upto of their salaries. Additional financial data is provided below. What is the net worth as of
Checking Account Balance $
Savings Account Balance $
k Balance Wilma $
k Balance Fred $
Plan Balance $
House Value $
Automobile Value Wilma $
Automobile Value Fred $
Jewelry Value $
Furniture Value $
Credit Cards Balance $
Next Year's Mortgage Payment due Principal $
Next Year's Auto Loan Payments Principal $
Mortgage Balance on House $
Auto Loan Balance $
Balance Sheet data as of
Investment Assets $
Total Assets $
Net Worth $
Income and Expenses during
Salary Wilma $
Salary Fred $
Nondiscretionary Expenses:
Property Tax $
Food Expenses $
Insurance House $
Insurance Life $
Insurance Auto $
Utilities $
Mortgage Interest $
Mortgage Principal $
Credit Card $
Auto Loans $
Auto Maintenance $
Auto Gas $
Child Support $
TelephoneInternet $
Discretionary Expenses:
Savings Retirement Wilma $
Savings Retirement Fred $
Savings Education $
Taxes Federal $
Taxes State $
Taxes Payroll $
Clothing $
Entertainment $
Maid Services $
Vacation $
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