Gregory recently separated from his wife of 10 years and moved into an apartment. The apartment costs
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Question:
Gregory recently separated from his wife of 10 years and moved into an apartment. The apartment costs $1,500 per month in rent and the electricity is $230 per month. Gregory’s child support and spousal support obligations total $1,800 per month. Gregory works as a software consultant and earns $8,000 per month gross. His income taxes and deductions total $2,500 per month. He spends $600 per year on his gym membership, $100 per week on groceries, and $80 per week on cigarettes. Gregory’s car lease payment is $340 per month and his gas expenses are $100 per week. What is Gregory’s net, after-tax, monthly cash flow?
a) | $300.21 | |
b) | $333.33 | |
c) | $366.67 | |
d) | $400.72 |
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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