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  3. 1.    you have an annual salary of $62,000 fro

1.    You have an annual salary of $62,000 from which they deduct 3% for medical insurance and...

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Basic Math

1.    You have an annual salary of $62,000from which they deduct 3% for medical insurance and 18% for taxes.Your rent is $1200 a month. Your water bill comes every 3 monthsfor $123, and your light bill is $138 a month. You have a childthat goes to a 30-minute piano class twice a week for $18 persession and you receive child support for that child every month inthe amount of $125. Every week you put 130 miles on your car thatgives you 20 miles per gallon and gas cost $2.27 per gallon. Youpay a premium of $1,019 every six months for car insurance. Youspend $120 a week on food. You also have a student loan that youare paying $150 on every month. and you spend $100 every 2 weeksjust to treat yourself.

make a monthly budget and find your monthly cash flow. Youmust show work (Assume, that there are 52 weeks in a year)

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