Compute the income from unknown sources for Years Two and
Question # 00088017
Posted By:
Updated on: 08/03/2015 09:20 AM Due on: 09/02/2015
Net Worth Problem
Compute the income from unknown sources for Years Two and Three from the following data:
Please show your work.
12/31/2012 12/31/2013 12/31/2014
Assets:
Residence
$50,000.00 $50,000.00 $200,000.00
Stocks and Bonds
$10,000.00 $10,000.00
$10,000.00
Automobiles
$15,000.00 $15,000.00
$40,000.00
Cash
$5,000.00 $8,000.00
$20,000.00
Liabilities:
Mortgage Balance
Auto Loan
Student Loans
Income:
Salary
Other
Expenses:
Mortgage Payments
Car Payments
Student Loan Payments
Other living expenses
Total Living Expenses
$40,000.00 $30,000.00 $
$8,000.00 $5,000.00 $
$10,000.00 $8,000.00 $
$30,000.00 $35,000.00
$
$1,000.00
-
$40,000.00
$1,000.00
$5,000.00 $5,000.00 $
$1,000.00 $5,000.00
$2,500.00
$1,000.00 $1,000.00
$500.00
$15,000.00 $15,000.00
$20,000.00
$22,000.00 $26,000.00
$23,000.00
Compute the income from unknown sources for Years Two and Three from the following data:
Please show your work.
12/31/2012 12/31/2013 12/31/2014
Assets:
Residence
$50,000.00 $50,000.00 $200,000.00
Stocks and Bonds
$10,000.00 $10,000.00
$10,000.00
Automobiles
$15,000.00 $15,000.00
$40,000.00
Cash
$5,000.00 $8,000.00
$20,000.00
Liabilities:
Mortgage Balance
Auto Loan
Student Loans
Income:
Salary
Other
Expenses:
Mortgage Payments
Car Payments
Student Loan Payments
Other living expenses
Total Living Expenses
$40,000.00 $30,000.00 $
$8,000.00 $5,000.00 $
$10,000.00 $8,000.00 $
$30,000.00 $35,000.00
$
$1,000.00
-
$40,000.00
$1,000.00
$5,000.00 $5,000.00 $
$1,000.00 $5,000.00
$2,500.00
$1,000.00 $1,000.00
$500.00
$15,000.00 $15,000.00
$20,000.00
$22,000.00 $26,000.00
$23,000.00
-
Rating:
/5
Solution: Compute the income from unknown sources for Years Two and