Question
The Zegen’s want to save for a down payment on a house. The monthly income is $6,000. Their fixed expenses are $3,000 and they plan to keep their flexible expenses to $2,000 a month. Everything remaining will be set aside for their down payment. How much will they be putting aside each month for their new house?
Responses
$1,000
$1,000
None of the answer choices
None of the answer choices
$2,000
$2,000
$3,000
Responses
$1,000
$1,000
None of the answer choices
None of the answer choices
$2,000
$2,000
$3,000
Answers
GPT-4o mini
To find out how much the Zegen's will be putting aside each month for their down payment, we can follow these steps:
1. Calculate their total income:
- Monthly income = $6,000
2. Calculate their fixed expenses:
- Fixed expenses = $3,000
3. Calculate their flexible expenses:
- Flexible expenses = $2,000
4. Add their fixed and flexible expenses together:
- Total expenses = Fixed expenses + Flexible expenses
- Total expenses = $3,000 + $2,000 = $5,000
5. Subtract their total expenses from their monthly income to find out how much they can save:
- Amount set aside for down payment = Monthly income - Total expenses
- Amount set aside for down payment = $6,000 - $5,000 = $1,000
So, the Zegen's can set aside **$1,000 each month** for their new house.
The correct response is:
**$1,000**
1. Calculate their total income:
- Monthly income = $6,000
2. Calculate their fixed expenses:
- Fixed expenses = $3,000
3. Calculate their flexible expenses:
- Flexible expenses = $2,000
4. Add their fixed and flexible expenses together:
- Total expenses = Fixed expenses + Flexible expenses
- Total expenses = $3,000 + $2,000 = $5,000
5. Subtract their total expenses from their monthly income to find out how much they can save:
- Amount set aside for down payment = Monthly income - Total expenses
- Amount set aside for down payment = $6,000 - $5,000 = $1,000
So, the Zegen's can set aside **$1,000 each month** for their new house.
The correct response is:
**$1,000**