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of 10: Your average weekly take-home wage is $615. You take a one-week paid vacation and a second week of...

QUESTION 9 of 10: Your average weekly take-home wage is $615. You take a one-week paid vacation and a second week of unpaid vacation. You have calculated your total annual expenses to be $31,320 per year. What is your cash surplus at the end of the year?
a) $45
b) $66
c) $31,320
d) $31,980

Answer

To calculate the cash surplus, first determine the total annual income. Since there are 52 weeks in a year and you take one unpaid week, you will be paid for 51 weeks.

  1. Total annual income = 51 weeks * $615/week = $31,365
  2. Cash surplus = Total annual income - Total annual expenses = $31,365 - $31,320 = $45

Answer: a) $45

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