for the monthly?

Question

For the month of may, frank jonas had gross monthlt salary of $,1200 with total withholding of $240.he earnd 35 on a savings account
Fixed expenses totaled $650 and variable expsens were $490.what was feank cash surplus or deficit for the month?

Answer 1

Heck, I think we used to do these problems in the 6th grade.

$1200-240+$35= net $995

$650 + $490 = $1140

deficit = 1140 - 995 = $145

Frank had better stop going to the bars 5 nights a week and stop eating out 3 nights a week. That should cut in variable expenses by about $130 to $160 a month. Maybe get rid of his wife's cell phone. Another $100 a month. Cable TV another $100 a month. Now he can start adding to his Roth IRA.

Answer 2

Deficit $145

1200 - 240 , + 35, - 650, - 490, = -145

Answer 3

I think this equates to a $145 cash deficit. Basically $1200 salary plus $35 savings interest, minus everything else....