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Mathematics, 01.10.2021 04:10 torresalysabeth

Cash Flow Surplus/Deficit. Cody Sebastian, of Lubbock, Texas, earns $60,000 a year. He pays 30 percent of his gross income in federal, state, and local taxes. He has fixed expense in addition to taxes of $1,800 per month and variable expenses that average $1,400 per month. What is his net cash flow (surplus or deficit) for the year?

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