Scribd Logo
Upload

Welcome to Scribd!

  • Side by Side

    Uploaded by

    api-353423707
    12 views1 page
    The individual earned $2,650 from their job and $300 from rent for total income of $2,950. Their largest expenses were a $1,360 mortgage, $700 in credit card payments, and $270 for a car payment. Their total expenses were $2,890, leaving net income of $60. According to their balance sheet, their primary assets included a $350,000 house, $10,000 car, and $8,900 in savings and retirement accounts, for total assets of $369,000 against $311,000 in liabilities including a $285,000 mortgage, resulting in a net worth of $58,000.

    Original Description:

    Original Title

    side by side

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The individual earned $2,650 from their job and $300 from rent for total income of $2,950. Their largest expenses were a $1,360 mortgage, $700 in credit card payments, and $270 for a car payment. Their total expenses were $2,890, leaving net income of $60. According to their balance sheet, their primary assets included a $350,000 house, $10,000 car, and $8,900 in savings and retirement accounts, for total assets of $369,000 against $311,000 in liabilities including a $285,000 mortgage, resulting in a net worth of $58,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    12 views1 page

    Side by Side

    Uploaded by

    api-353423707
    The individual earned $2,650 from their job and $300 from rent for total income of $2,950. Their largest expenses were a $1,360 mortgage, $700 in credit card payments, and $270 for a car payment. Their total expenses were $2,890, leaving net income of $60. According to their balance sheet, their primary assets included a $350,000 house, $10,000 car, and $8,900 in savings and retirement accounts, for total assets of $369,000 against $311,000 in liabilities including a $285,000 mortgage, resulting in a net worth of $58,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    2016 Income Statement 2016 Balance Sheet

    Income Assets
    Job $ 2,650.00 House $ 350,000.00
    Rent $ 300.00 Car $ 10,000.00
    Total Income $ 2,950.00 Investments:
    Savings $ 2,700.00
    Expenses IRA $ 6,300.00
    Mortgage $ 1,360.00 Total Assets $ 369,000.00
    Credit Cards $ 700.00
    Car Payment $ 270.00 Liabilities
    Food $ 150.00 House $ 285,000.00
    Gas $ 90.00 Car $ 7,000.00
    Entertainment $ 120.00 Credit cards $ 11,000.00
    Retirement $ 200.00 Student Loan $ 8,000.00
    Total Expenses $ 2,890.00 Total Liabilities $ 311,000.00

    Total Net Income $ 60.00 Net Worth $ 58,000.00

    You might also like