Math Applications End Of Term Prediction Questions 2024.
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Course
MATH.
Institution
MATH.
Math Applications End Of Term Prediction Questions 2024.Tamara earns $8 an hour at her job working 25 hours per week. If 22% of her paycheck goes to taxes, what is Tamara's monthly cash inflow? (Assume this is her only source of income and that there are 4 pays per month.) - ANSWER $624
Barry ge...
Math Applications End Of Term Prediction Questions 2024.
Tamara earns $8 an hour at her job working 25 hours per week. If 22% of her paycheck goes to taxes, what is Tamara's monthly cash inflow? (Assume this is her only source of income and that there are 4 pays per month.) - ANSWER $624
Barry gets hurt at work and must go on disabililty for 4 months. On disability, the pay that Barry receives
is 60% of his normal net pay. Barry should be fine if he has a plan for _____. - ANSWER managing his liquidity
Planning for the possibility that the plumbing in your house needs repair is part of a plan for _____. - ANSWER managing liquidity
Kyle and Linda are married with two children at home and a mortgage. Kyle's net pay per year is $32,000
and Linda's is $48,000. Their monthly expenses are $3,500.
Kyle and Linda each contribute 15% of their earnings to a retirement fund and they have $5,000 in savings. They also have a $100,000 life insurance policy on Kyle, but none on Linda.
As their financial advisor, what part of Kyle and Linda's financial plan would you encourage them to work
on and why? - ANSWER Their plan for protecting their assets.
They should have life insurance on Linda.
Create an example of a situation where there is a negative cash flow. - ANSWER Answers will vary, but the cash inflow should be less than the cash outflow.
Which of the following would you list under cash inflows in a financial plan? - ANSWER You received a bonus at work.
Ted is a single guy who's living the good life. The spreadsheet below shows Ted's cash flow for a month.
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