Jakob Received a $1,000 a Year Raise in January,sold Stocks

question 69

Essay

Jakob received a $1,000 a year raise in January,sold stocks in March for $6,000 that were originally purchased for $4,000,and in July had a $100 monthly increase in mortgage payments on an adjustable rate mortgage.The increased mortgage payment was in effect the remainder of the year.What was the total impact on Jakob's cash flow for the year?
(a)$1,000
(b)$5,400
(c)$6,400
(d)$7,600

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Definitions:

One Market

A term referring to a single, integrated market where goods, services, capital, and people can move freely without barriers.