Answer:
The current balance in the McQuire's account is $-605.11
Step-by-step explanation:
Mr. McQuire deposited his paycheck for a total account balance of $712.34 on Friday.
The next morning, his wife wrote a check for $1,267.45
As, the total account balance is less than the amount of check, so the bank will charge a $50 overdraft fee.
That means, the total amount that will be deducted from his account [tex]=(\$1267.45+\$50)= \$1317.45[/tex]
So, the current balance in the McQuire's account [tex]=(\$712.34-\$1317.45)= \$-605.11[/tex]
