Solve the problem.
-Suppose your after-tax income is $36,357. Your annual expenses are $28,740 for rent, $6489 for food and household expenses, $1283 for interest on credit cards, and $6668 for entertainment, travel, and
Other. Do you have a surplus or deficit?

Question

Quizplus · Accepted Answer

The total expenses are $28,740 + $6489 + $1283 + $6668 = $43,180. Since the expenses are greater than the after-tax income, there is a deficit.

Solve the Problem. -Suppose Your After-Tax Income Is $36,357. Your Annual Expenses Are