All categories

2 years ago

Step 3: Creating a Balanced Family Budget

Business

1 answer:

Alexeev081 [22]2 years ago

3 0

The family budget calculator use is attached accordingly. See relevant definition below.

<h3>What is the minimum monthly income and hourly wage per worker required to cover the monthly expenses indicated in the budget?</h3>

The total budget indicated is $7,304. Hence to cover for the above expenses, one would need to work for at least 8 hours per day, and 5 days a week at the minimum income wage of $50 dollars/Hour.

This translates to:

50 x 8 x 20

= $8,000

<h3>What exactly is a family budget?</h3><h3 />

A family budget is a plan for your household's incoming and outgoing funds for a specific time period, such as a month or year.

<h3>What is the definition of a Family Budget Calculator?</h3>

The Family Budget Calculator calculates the amount of money required for a family to maintain a modest but decent level of life.

The budgets project community-specific expenses for ten different family types (one or two adults with zero to four children) across all counties and metro regions in the United States.

Learn more about Family Budget Calculator:

brainly.com/question/9621657

#SPJ1

You might be interested in

The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30,000 shares) $270,

Snezhnost [94]

Answer:

26,920

Explanation:

At $10 par value,

Number of authorized shares = 30,000 (given)

Number of issued shares = $270,000/$10 = 27,000 shares

Number of treasury shares = $1,200/$15 = 80 shares

Since Treasury shares do not form part of outstanding shares, they will be deducted from issued shares to obtain outstanding shares

Therefore, number of outstanding shares

= 27,000 - 80

= 26,920 shares

5 0

3 years ago

The owner of a major league baseball team can fire employees for not winning a pennant, have the city build him a new ballpark,

lawyer [7]

<span>Weber would consider this an exercise in power in the social stratification model. The owner has the ability to have others do what he wants them to do. He is able to set goals that can be achieved even with others opposing them.</span>

4 0

3 years ago

What are the benefits of naming a secondary beneficiary in a will? Check all that apply. It could prevent a will from going into

Gnom [1K]

Answer:

• It could prevent a will from going into probate

•It avoids confusion if the primary beneficiary on dies first

•It allows for another option if the primary beneficiary cannot inherit it

Explanation:

A Secondary beneficiary otherwise known as contingent beneficiary is a person or an entity who has been named in a Will, insurance policy or trust to inherit assets therein should the main or primary beneficiary dies before the grantor.

Secondary beneficiary is important because should the primary beneficiary dies first, he is entitled to the benefits therein inorder to avoid confusion as to who should inherit the deceased's assets. It is also important because it provides other option where the primary beneficiary is not able to inherit the will i.e not found at the time of grantor's death or disclaim inheritance in the will, the secondary beneficiary inherits same and also prevent the will from going into probate i.e allowing it to pass through the court process which is oftentimes time consuming .

7 0

3 years ago

Suppose someone offered you your choice of two equally risky annuities, each paying $5,000 per year for 5 years. One is an annui

pshichka [43]

Answer:

the annual due

Explanation:

3 0

4 years ago

Suppose that a group of manufacturing firms is asked whether orders for their product have increased, remained about the same, o

wariber [46]

Answer:

The answer is: The diffusion index of that group of manufacturing firms would be 0 (or remain the same if a previous diffusion index had been calculated)

Explanation:

A diffusion index is the common tendency within a group of numbers or statistics to either increase, decrease or remain the same.

The general formula for calculating the DI is:

Diffusion Index (DI) = (Increases−Decreases) + Previous DI Values

In this case, the diffusion index can be calculated by

Diffusion Index (DI) = (% orders increased - % orders decreased)

DI = 40% - 40% = 0

4 0

3 years ago