Prepare a monthly income and expense plan for the Terrels in 2003.?

Donna and Sherman Terrel are preparing a budget for 2003. Donna is a systems analyst near an airplane capitalist, and Sherman is working on a master's level within edifying psychology. The Terrels do not own any children or other dependents. Donna estimates her gross will be almost $39,996 within 2003; Sherman expects to work singular during the summer months, doing drawing and remodeling work for a building contractor. He anticipates an income from those undertakings of $3000 a month surrounded by June, July, and August. Sherman does own a exhibition that pays his tuition and also provides $3,600 a year of which $2400 is payable contained by February and $1200 is payable surrounded by October. The Terrels don't expect to own any other income in 2003.
Donna and Sherman enjoy nominated their expected total expenses within 2003 as follows:
Housing (rent) $6,600
Transportation 5100
Food (includes dining out) 8100
Utilities 3000
Payroll taxes:
Donna
12,000
Sherman
1500
Insurance:
Life - payable in May
7

Answers:
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