To find Kaycie's net income for September 2013, we need to follow several steps:
1. Identify the total income.
- According to the table, the total income from wages is [tex]$2,700.
2. Calculate total expenses.
- Food: $[/tex]210
- Rent: [tex]$975
- Transportation: $[/tex]120
- Clothing: [tex]$90
- Medical Insurance: $[/tex]60
- Car Insurance: [tex]$50
We sum up these individual expenses to get the total expenses:
\[
210 + 975 + 120 + 90 + 60 + 50 = 1505
\]
3. Determine the net income.
- Net income is calculated by subtracting the total expenses from the total income.
\[
\text{Net income} = \text{Total income} - \text{Total expenses}
\]
\[
\text{Net income} = 2700 - 1505 = 1195
\]
Thus, the completed income statement for Kaycie would be:
\begin{tabular}{|c|c|c|c|}
\hline \multicolumn{4}{|c|}{\begin{tabular}{l}
Kaycie Muñoz \\
Monthly Income Statement \\
September 2013
\end{tabular}} \\
\hline \multicolumn{2}{|c|}{ Income (after taxes) } & \multicolumn{2}{|l|}{ Total income } \\
\hline Wages & \$[/tex] 2,700 & & \[tex]$ 2,700 \\
\hline \multicolumn{4}{|l|}{ Expenses } \\
\hline \begin{tabular}{l}
Food \\
Rent \\
Transportation
\end{tabular} & \begin{tabular}{l}
\begin{tabular}{l}
\$[/tex] 210 \\
\[tex]$ 975 \\
\$[/tex] 120
\end{tabular}
\end{tabular} & \begin{tabular}{l}
Clothing \\
Medical Insurance \\
Car Insurance
\end{tabular} & \begin{tabular}{l}
\begin{tabular}{r}
\[tex]$ 90 \\
\$[/tex] 60 \\
\[tex]$ 50
\end{tabular}
\end{tabular} \\
\hline \multicolumn{3}{|c|}{ Total expenses: } & \$[/tex] 1,505 \\
\hline \multicolumn{3}{|c|}{ Net income (income - expenses): } & \[tex]$ 1,195 \\
\hline
\end{tabular}
Therefore, Kaycie's net income for September 2013 is $[/tex]1,195.
