Adam Stewart
Monthly Income Statement
May 2016
Adam has recently obtained a loan with a monthly
minimum payment of $30 dollars.
How will Adam's net income change with the added
expense?
Income (after Taxes)
Total Income
$3100
What will be Adam's total expenses now?
Wages
$3,100
Expenses
What will be Adam's new net income?
$70
Food
Rent
Transportation
$150 Clothing
$850 Medical insurance
$110 Car insurance
$90
$40
Total expenses:
$1,310
Net income (income - expenses):
$1,790
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