What would be the yearly and monthly amount for all If monthly net income is 3,732Gross monthly income is $72,000 yearly income $6,000 ### DirectionsThe chart below contains a variety of irregular expenses. Some are mandatory for your budget and thus include a set yearly amount, while others are optional and you will decide if you wish to budget for them and if so, how much. Identify the yearly amount and for every expense calculate the monthly amount needed.| Item | Yearly Amount | Monthly Amount ||-------------------------------|---------------|----------------|| **Car Insurance** | $1,400 | || **Car Maintenance** | $2,000 | || *(ex. oil changes, tire rotation, air filters, tag and inspection renewal, basic wear and tear)* | | || **Unexpected Expenses** | | || *(ex. major home repairs, medical emergencies, pet emergencies, major auto repairs, unplanned travel, unplanned gifts)* | | || **Holiday Spending** | | || **Vacations** | | || **Charity Spending** | | || **Random Expenses** | | || *(ex. Amazon Prime subscription, Hyundai Bluelink subscription, pest control fees, yearly activity or organization dues)* | | || **Total Amount** | | |Each row provides space to calculate expenses on a yearly and monthly basis, allowing for clear planning and budgeting for both anticipated and unexpected costs.

Gross yearly income = $72,000 Monthly income = $6,000 Net Monthly Income = $3,732 Net yearly income=…

Answered: What would be the yearly and monthly…

What would be the yearly and monthly amount for all If monthly net income is 3,732 Gross monthly income is $72,000 yearly income $6,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

What would be the yearly and monthly amount for all

If monthly net income is 3,732

Gross monthly income is $72,000 yearly income $6,000

### Directions
The chart below contains a variety of irregular expenses. Some are mandatory for your budget and thus include a set yearly amount, while others are optional and you will decide if you wish to budget for them and if so, how much. Identify the yearly amount and for every expense calculate the monthly amount needed.

| Item | Yearly Amount | Monthly Amount |
|-------------------------------|---------------|----------------|
| **Car Insurance** | $1,400 | |
| **Car Maintenance** | $2,000 | |
| *(ex. oil changes, tire rotation, air filters, tag and inspection renewal, basic wear and tear)* | | |
| **Unexpected Expenses** | | |
| *(ex. major home repairs, medical emergencies, pet emergencies, major auto repairs, unplanned travel, unplanned gifts)* | | |
| **Holiday Spending** | | |
| **Vacations** | | |
| **Charity Spending** | | |
| **Random Expenses** | | |
| *(ex. Amazon Prime subscription, Hyundai Bluelink subscription, pest control fees, yearly activity or organization dues)* | | |
| **Total Amount** | | |

Each row provides space to calculate expenses on a yearly and monthly basis, allowing for clear planning and budgeting for both anticipated and unexpected costs.

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