Question

QUESTION 8 of 10: Your average weekly take home wage is $615. You take a one-week paid vacation and a second week unpaid vacatio

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:

A surplus is when income exceeds expenses.

One year has 52 weeks. If one week was unpaid leave, then payments were received for 51 weeks.

Average payments per week = $615

Total earning per week =$615 x 51

=$31,365

The total expenses for the year were $31,320. The surplus amount will be income minus expenses

= $31,365 - $31,320

=$45