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    Fin 3060 Incomestatement

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    api-295008203
    This document is an income statement that summarizes a person's finances over the period of one year. It shows that their total income was $73,165, with 98.92% coming from salary and the remainder from interest, dividends, and tax refunds. Total expenses were $58,310, with fixed expenses like mortgage, taxes, and insurance making up 75.57% and variable expenses like food, utilities and entertainment comprising 24.43%. This left a surplus of $14,855.

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    Fin 3060 Incomestatement

    Uploaded by

    api-295008203
    25 views2 pages
    This document is an income statement that summarizes a person's finances over the period of one year. It shows that their total income was $73,165, with 98.92% coming from salary and the remainder from interest, dividends, and tax refunds. Total expenses were $58,310, with fixed expenses like mortgage, taxes, and insurance making up 75.57% and variable expenses like food, utilities and entertainment comprising 24.43%. This left a surplus of $14,855.

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    fin3060incomestatement

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    This document is an income statement that summarizes a person's finances over the period of one year. It shows that their total income was $73,165, with 98.92% coming from salary and the remainder from interest, dividends, and tax refunds. Total expenses were $58,310, with fixed expenses like mortgage, taxes, and insurance making up 75.57% and variable expenses like food, utilities and entertainment comprising 24.43%. This left a surplus of $14,855.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    25 views2 pages

    Fin 3060 Incomestatement

    Uploaded by

    api-295008203
    This document is an income statement that summarizes a person's finances over the period of one year. It shows that their total income was $73,165, with 98.92% coming from salary and the remainder from interest, dividends, and tax refunds. Total expenses were $58,310, with fixed expenses like mortgage, taxes, and insurance making up 75.57% and variable expenses like food, utilities and entertainment comprising 24.43%. This left a surplus of $14,855.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    of 2

    Income Statement (period: 1 year)

    Income
    Salary
    Interest & Dividends
    Tax refunds
    Total Income

    Dollars

    Percents

    72,375.00
    680.00
    110.00
    $73,165.00

    98.92
    0.93
    0.15
    100%

    Fixed Expenses
    Mortgage payments
    Real estate taxes
    Car loan payments
    Retirment
    emergency savings
    Insurance: car
    Insurance: life
    insurance: home
    Insurance: medical
    All income & other taxes
    Total Fixed Expenses

    9,480.00
    2,700.00
    2,880.00
    6,500.00
    1,800.00
    1,245.00
    1,525.00
    1,600.00
    1,830.00
    14,500.00
    $44,060.00

    16.26
    4.63
    4.94
    11.14
    3.09
    2.14
    2.62
    2.74
    3.14
    24.87
    75.57%

    Variable Expenses
    Food
    Utilities
    Maintnence
    Medicines
    Clothing
    Gas
    Gifts
    Entertainment
    Total Variable Expenses

    3,360.00
    3,840.00
    1,100.00
    400.00
    1,250.00
    1,500.00
    800.00
    2,000.00
    $14,250.00

    5.76
    6.58
    1.89
    0.69
    2.14
    2.57
    1.37
    3.43
    24.43%

    $58,310.00
    $14,855.00

    100%

    Expenditures

    Total Expenses
    Surplus

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