Answer:
Monthly debt payment = $5495.83
average monthly amount = $14962.5
Note: Here some amounts are given as weekly and some as yearly. We can't add all amounts directly. For monthly payment we have to convert all the respective amounts into monthly payment first then only we can add.
Step-by-step explanation:
Monthly debt payment = car payment + rent + Telivision cable/satellite + intenet + cell phones + car insurance + gas + groceries + entertainment + clothing + life insurance + student loan payment
=750+1900+150+75+150+1450/12+400+100*4+50*4+200+50+1100= $5495.83
Annual Gross payment = $89500
monthly gross payment = 89500/12 = $7458.33
monthly savings = $7458.33 - $5495.83 = $1962.5
given that Johnsons have $13000 in savings.
Thus, average monthly amount = $13000 + $1962.5 = $14962.5