money in a given year

Question

Robert recently was hired as a technician in a firm. He is being paid $1,250 every two weeks after taxes, his monthly bills are: rent-900 lights-110 car-350 car insurance-60 gas-90 food-180 credit cards-250. Given Roberts expenses, how much money will he have for spending in a given year?

Answer 1

Available income = annual income - annual expenses

 

annual income = $1250/2wk • 52wk/yr = $32500

annual expenses =  (900+110+350+60+90+180+250)/mo • 12mo = $23200

 

available income = $32500 - $23200 = $9220