Question

Use the table to answer the question. Cynthia is making a budget. She makes a monthly net income of $2,300; plus, she earns an additional $640 each month for providing weekend child care. She lists her dedicated expenses. Description Amount rent $775 utilities $308 car payment $385 student loan payment $273 cell phone plan $87 book club membership $30 How much money is left for the rest of her monthly budget? Show your work or explain how you got your answer.

Answer 1

To find out how much money Cynthia has left for the rest of her monthly budget, we first need to determine her total income and her total dedicated expenses, and then subtract the total expenses from the total income.

1. Calculate Total Income:

   • Monthly net income: $2,300
   • Additional income from child care: $640

   \[ \text{Total Income} = \text{Monthly net income} + \text{Additional income} \] \[ \text{Total Income} = 2300 + 640 = 2940 \]

2. Calculate Total Expenses:

   • Rent: $775
   • Utilities: $308
   • Car payment: $385
   • Student loan payment: $273
   • Cell phone plan: $87
   • Book club membership: $30

   Summing these amounts: \[ \text{Total Expenses} = 775 + 308 + 385 + 273 + 87 + 30 \]

   • First, calculate step by step:
     • \(775 + 308 = 1083\)
     • \(1083 + 385 = 1468\)
     • \(1468 + 273 = 1741\)
     • \(1741 + 87 = 1828\)
     • \(1828 + 30 = 1858\)

   So, \[ \text{Total Expenses} = 1858 \]

3. Calculate Money Left for the Rest of the Monthly Budget: \[ \text{Money left} = \text{Total Income} - \text{Total Expenses} \] \[ \text{Money left} = 2940 - 1858 \]

   • Calculating this gives: \[ \text{Money left} = 1082 \]

Therefore, Cynthia has $1,082 left for the rest of her monthly budget.