تم الحل ✓
categoryالاقتصاد والأعمال
schoolبكالوريوس
event_available2026-07-15
السؤال
Transcribed Image Text:
4.
(12 points) Fill in the monthly budgeting table using the information given, so that you
can have a cushion of $200 left over every month. You have a job as an assistant zoo
keeper making $32,000 per year. Assume taxes are 35%. You own your car, so you don't
have a car payment currently. You do have car insurance for $523 every six months and
have to pay yearly taxes of $100 for the car. You are lucky and do not have any student
loans. You found a mobile home for $55,999, which you can finance for 6.7%
compounded monthly for 20 years. Insurance for the home is $895 per year. You owe
$2500 in credit card debt that earns 15.2% compounded monthly for 8 years. The only
things you can change are the food, entertainment, and eating out budgets. Determine
how much to spend on these, so you can end up with $200 extra cash each month just in
case. Keep in mind the average cost per person on groceries ranges from $124 to $250,
so try to keep it realistic.
Monthly Take Home Income
Mortgage
Car payment
Car Insurance
Car Taxes
Credit card bill
Food (groceries)
Utilities
Entertainment (movies, bowling, etc.)
Eating out
House Insurance/Property Tax
-$300
Total monthly leftover (net monthly cash flow)
$200
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