Question

Your average weekly take-home wage is $615. You take a one week paid vacation in a second week unpaid vacation. You have calculated your total annual expenses to be 31,320 per year. What is your cash surplus at the end of the year?

Answer 1

$45

Step-by-step explanation:

Here we need to calculate the income of this year.

We know that a year has 52 weeks. And, our payed weeks are 51, they are, the 50 weeks we work plus the one week of paid-vacation. The remaining week does not give us income, as is unpaid. So our total year income is:

51 * $615 = $31,365

So, our surplus will be our income minus our expenses:

Surplus = $31,365 - $31,320 = $45

Our cash surplus is $45