Question

A 2-column table has 6 rows. The first column is labeled monthly expenses with entries rent, utilities phone and internet, groceries, entertainment, renters insurance, total expenditures. The second column is labeled Amount budgeted with entries 600, 230, 350, 100, 20, and 1,300 dollars. Remember, your net income is $1,850 each month. According to your current budget, how much money do you have left for savings and discretionary spending each month? If you wanted to include a savings category of $100 per month, how much would you have left for discretionary spending?

Answer 1

Answer:

Rs.450

Step-by-step explanation:

1850-1300=550

if savings of Rs.100 is reduced we get

550-100=Rs.450

Answer 2

Given,

The amount spend on rent$\[ = 600\]$

The amount spend on utilities, phone and internet$\[ = 230\]$

The amount spend on groceries$\[ = 350\]$

The amount spend on entertainment$\[ = 100\]$

The amount spend on renters insurance$\[ = 20\]$

The total expenditures$\[ = 1300\]$

The net income$\[ = 1850\]$

Solution,

The amount saved

$\[\begin{array}{l} = 1850 - 1300\\ = 550\end{array}\]$

Therefore, money left for discretionary spending

$\[\begin{array}{l} = 550 - 100\\ = 450\end{array}\]$

Hence, money left for discretionary spending is Rs $\[450.\]$