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PLEASE HELP IM SO LOST

1. Ted is working on his financial plan and lists all of his income and expenses in the spreadsheet below.
А
B
Net Pay
$5,000
2
Interest on Deposits $0
3 Income from Investments $225
4 Rent
$3,000
5 Utilities
$250
6 Satellite Dish
$175
7 Cell Phone Plan
$135
8 Car Payment
$385
9 Groceries
$200
10 Insurance
$380
11 Recreation
$400
What is Ted's net cash flow?
2. Tamara earns $8 an hour at her job working 25 hours per week. If her net pay is 78% of her paycheck
and she has no other sources of income, what is Tamara's monthly cash inflow? (Assume there are 4
pays per month.)

PLEASE HELP IM SO LOST 1 Ted is working on his financial plan and lists all of his income and expenses in the spreadsheet below А B Net Pay 5000 2 Interest on D class=

Respuesta :

tramserran

Answer:  1) $300     2) $624

Step-by-step explanation:

[tex]\begin{array}{l||l|l}\underline{\quad \text{Item}\qquad \qquad \qquad \qquad}&\underline{\text{Income} }&\underline{\text{Expense}}\\\text{Net Pay}&5000&\\\text{Interest on Deposits}&0&\\\text{Income from Investments}&225&\\\text{Rent}&&3000\\\text{Utilities}&&250\\\text{Satellite Dish}&&175\\\text{Cell Phone Plan}&&135\\\text{Car Payment}&&385\\\text{Groceries}&&200\\\text{Insurance}&&380\\\underline{\text{Recreation}\qquad \qquad \qquad}&\underline{\qquad \quad }&\underline{400\qquad}\\\end{array}[/tex]

TOTALS                              5225      4925

Net Cash Flow = Income - Expenses

                        = 5225 - 4925

                        = 300

*************************************************************************************

[tex]\dfrac{25\ hours}{week}\times \dfrac{\$8}{hour}\times 4\ weeks\times 78\%\\\\\\=25\times \$8 \times 0.78\\\\= \$624[/tex]

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