Based on the following information:
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Loan balance 250.00
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Mortgage payment 893.00
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Current value of auto 6,300
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Food expenses 425.00
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Saving account amount 2,100
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Loan payment on stereo 75.00
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Monthly take-home salary 2,750 after taxes so this is your net/ not gross
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Household possessions value 4,100
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Balance on student loan 61,000
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Electric bill paid for month 235.00
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Credit card balance 280.00
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Auto insurance payment 401.00
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Phone payment 72.00
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Cash on hand 700.00
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Parking at work 80.00
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Charity giving 200.00
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Computer value 2,900
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Jewelry value 3,800
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Market value of home 114,000
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Government bonds you own 500.00
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Cloths bought this month 475.00
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Entertainment 120.00
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Credit card payment 33.00
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Car loan balance 2,200
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Car payment 170.00
Calculate the following…
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Assets
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Liabilities
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Net Worth
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Income
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Expenses
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Surplus/deficit
Every item mentioned can be categorized into any one of – Assets, Liabilities, Income, and Expenses.
The below table provides the amount under each of these heads.
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