Your new client, Kerri, age 35, came into your office today. She provided you with the following information for the year: • Income - $100,000 • Taxes - $18,000 • Rent - $14,000 • Living Expenses - $40,000 • Credit Card Debt - $12,000 • Savings - $5,000 • Student Loan Payments - $5,000 • Car Payment - $6,000 After receiving this information you created a pie chart to visually depict where her income was spent. Utilizing targeted benchmarks which of the following statements are you most likely to make during you next meeting? A. “You are spending too much on housing.” B. “Your current living expenses are within the normal range.” C. “Your mortgage and debt payments are within the normal range.” D. “Your savings is low but still appropriate for your age.”
Your new client, Kerri, age 35, came into your office today. She provided you with the following information for the year: • Income - $100,000 • Taxes - $18,000 • Rent - $14,000 • Living Expenses - $40,000 • Credit Card Debt - $12,000 • Savings - $5,000 • Student Loan Payments - $5,000 • Car Payment - $6,000 After receiving this information you created a pie chart to visually depict where her income was spent. Utilizing targeted benchmarks which of the following statements are you most likely to make during you next meeting?
A. “You are spending too much on housing.”
B. “Your current living expenses are within the normal range.”
C. “Your mortgage and debt payments are within the normal range.”
D. “Your savings is low but still appropriate for your age.”
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