Question

May someone plz help me!

Answer 1

#1

• Net worth = $5480.80
• Liabilities = $3260.60
• Assets = $5480.80 + $3260.60 = $8741.40

Assets increase 10%:

• $8741.40*1.1 = $9615.54

Liabilities decrease 10%:

• $3260.60*0.9 = $2934.54

Net worth now is:

• $9615.54 - $2934.54 = $6681.00

Correct choice is J

#2

Total budget:

• 250 + 825 + 1247 + 385 + 722 + 657 + 250 + 291 = 4627

Transportation and clothing:

• 657 + 385 = 1042

Percentage of transportation and clothing:

• 1042 / 4627 * 100% = 23%

Correct choice is C

#3

Gross income:

• $1618.30

Deductions:

• $19.80 + $1618.30*(0.045 + 0.15) = $335.37

Net pay:

• $1618.30 - $335.37 = $1282.93