Which statements are effects of Marie's projected $50,000 of net income on the Mellons' finances for 2024?

The projected net income of $50,000 for Marie can influence the financial situation of the Mellons in several ways.

Statement II typically addresses how this added income contributes positively to their overall cash flow. By increasing their net income, the Mellons would have more disposable income, which can provide them with greater financial flexibility, allowing them to allocate more toward savings, investments, or discretionary spending.

Statement IV likely discusses potential tax implications, such as how this additional income could affect their tax bracket. Depending on their existing income levels, an increase could lead to a different tax liability as higher income may fall into a higher tax bracket, which is an important consideration in tax planning.

These impacts underscore how the increase in net income can affect both the cash flow position and tax situation of the Mellons, making statements II and IV valid assessments of the effects of Marie's projected net income on their finances. This approach reinforces the significance of understanding net income beyond just its face value, as it has broader implications for budgeting and overall financial health.