Answer:
$45
Step-by-step explanation:
Here we need to calculate the income of this year.
We know that a year has 52 weeks. And, our payed weeks are 51, they are, the 50 weeks we work plus the one week of paid-vacation. The remaining week does not give us income, as is unpaid. So our total year income is:
51 * $615 = $31,365
So, our surplus will be our income minus our expenses:
Surplus = $31,365 - $31,320 = $45
Our cash surplus is $45
As we have 52 weeks in a year and we have 2 weeks vacation,1 is paid and 1 is unpaid, the actual amount can be calculated from that, and hence according to the calculation, the cash surplus at the end of the year is $45.
Given information:
The average weekly take home is $615
The total annual expenses will be $31320
As we have 52 weeks in a year and we have 2 weeks vacation
1 is paid and 1 is unpaid
So, actual cash will be, [tex]51\times 615\\[/tex]
[tex]=31365[/tex]
Now we have total amount is [tex]=31320[/tex]
Hence,
Surplus =[tex]31365-31320[/tex]
Surplus =[tex]45[/tex]
Hence, the cash surplus at the end of the year is $45.
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