QuestionJune 5, 2025

You've tracked your income and expenses for a month, and you have a good idea of where your money is going. You create a budget and need to determine your savings goal. Every month, your net pay is 2,025 your fixed expenses are 50 and your variable expenses are about 250 for food, 345 for gas, and 250 for entertainment. What's the amount of money you could save after all of your expenses are paid? 2,025 1,130 1,975 1,180

You've tracked your income and expenses for a month, and you have a good idea of where your money is going. You create a budget and need to determine your savings goal. Every month, your net pay is 2,025 your fixed expenses are 50 and your variable expenses are about 250 for food, 345 for gas, and 250 for entertainment. What's the amount of money you could save after all of your expenses are paid? 2,025 1,130 1,975 1,180
You've tracked your income and expenses for a month, and you have a good idea of where your money is going. You create a budget and need to determine your savings goal. Every month, your net pay is 2,025 your fixed expenses are 50 and your variable expenses are about 250 for food, 345 for gas, and 250 for entertainment. What's the amount of money you could save after all of your expenses are paid? 2,025 1,130 1,975 1,180

Solution
4.2(360 votes)

Answer

\1,130 Explanation 1. Calculate Total Expenses Fixed expenses: \50. Variable expenses: \250 (food) + \345 (gas) + \250 (entertainment). Total expenses = \50 + \250 + \345 + \250 = \895. 2. Calculate Savings Net pay is \2,025. Subtract total expenses from net pay: \2,025 - \895 = \1,130.

Explanation

1. Calculate Total Expenses<br /> Fixed expenses: \$50. Variable expenses: \$250 (food) + \$345 (gas) + \$250 (entertainment). Total expenses = \$50 + \$250 + \$345 + \$250 = \$895.<br /><br />2. Calculate Savings<br /> Net pay is \$2,025. Subtract total expenses from net pay: \$2,025 - \$895 = \$1,130.
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