Answer:
the final balance as of October 24 is $831.02
Step-by-step explanation:
1. We use a formulae to calculate the final balance as of October 24
2. Bf = I - E + Bi
Where Bf- final balance, Bi- initial balance, I- income, E- expenses
3. Let's get the income
Pay check; 7.25 ×40 × 2 weeks= 580 .
Taxes; 7.65% of 580= 44.37
12% of 580 = 69.6
8.75% of 580 = 50.75
Total taxes= 164.72
Income = 580 - 164.72
= $ 415.28
4. Let get the expenses
One of the sales tax is 6% which will give 1.06 the price of the item. The other expense has no tax. So expenses= 1.06 ×78.54 + 43.9= $ 127.153
Bi = initial balance = $ 542.89
Using the formulae
Bf = I - E + Bi
Final balance= 415.28- 127.1524 + 542.89
=$831.02
Therefore the final balance as of October 24 is $831.02