Question: You had an initial meeting with your client on 31st July 2022 and gathered the following information as of that date: Annual Salary: $100,000 Expenses
You had an initial meeting with your client on 31st July 2022 and gathered the following information as of that date:
Annual Salary: $100,000
Expenses
| Description | Annual Amount |
| Utilities, Internet & TV Subscriptions | $3,000 |
| Helper | $2,500 |
| Dining Out | $30,000 |
| Transportation | $2,000 |
| Entertainment | $10,000 |
| Overseas (Family Trip) | $20,000 |
Construct their "Income & Expenditure Statement" for the past-12 month period.
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