Math Mod Unit 6 Lesson 3

Use the following budget to determine the correct answers. a. the total monthly expenses b. the yearly salary needed to cover the expenses

A. $5,430 B. $65,160

Use the following budget to determine how much this person needs to cut from the expenses. (Hint: Start by finding the total expenses first.)

Income: $1,848 Amount of expenses needed to be cut: $54.20

How much is available for the Entertainment category?

Income: $2,148 Amount available for entertainment: $20.80

Use the following budget to determine how much this person can afford to put in the category of Entertainment. She lives at home with her parents, which is why she has no expense for rent or mortgage. However, her parents charge her a share of the utilities and the groceries. Calculate her savings, and subtract the expenses to find what is left over for the Entertainment category.

Income: $2,583 Expenses: 15% = $387.45 Amount left for entertainment: $335.55

Use the following budget to determine how much this person can afford to put in the category of Entertainment. Find the total income, calculate his savings, find the total monthly expenses, and subtract the expenses from the income to find what is left over for the Entertainment category.

Total Income: $2,300 Expenses: 15% = $345 Entertainment: $80