Based on the table, by adding all the expenses, Steven's net monthly income is $2250.
To get the percentage spent in each category, simply divide each amount in the category by $2250 and multiply it by 100.
See table below.
b. To identify which category Steven is underspending, overspending, and just spending right, let's take a look at the guidelines.
If the percentage is lower than what is on the guidelines, Steven is underspending.
If the percentage is higher than what is on the guidelines, Steven is overspending.
If the percentage is within the provided interval on the guidelines, Steven is just spending right.
So, let's compare the percentage of Steven's expenses to the guidelines.
So, we can say that Steven is underspending on the following categories: Food and Clothing, Savings, and Miscellaneous.
Steven is overspending on the following categories: Housing and Utilities, Transportation, and Recreation and Education.
Lastly, Steven is spending within the guidelines for Health and Personal care.