Question

Joe works full time as a carpenter and brings home $3,000 per month. He owes a total of $1,500 in fixed expenses every month, which includes items such as rent and insurance. If Joe had $1,000 in variable expenses such as groceries and entertainment, what would be his ending balance?

Answer 1

His ending balance would be $500. If you subtract $3,000 from $1,000 you get $2,000..then when you subtract $2,000 from $1,500 you get $500!!

Answer 2

The answer is $500.

Explanation:

Joe works full time as a carpenter and brings home $3,000 per month.

He owes a total of $1,500 in fixed expenses every month.

Joe had $1,000 in variable expenses.

Total expenses are =
`1500+1000=2500` dollars

So, his ending balance will be =
`3000-2500=500` dollars

Therefore, the answer is $500.