Question

A bank manager receives a monthly salary of $6,260 plus an additional 1/2 of this amount for travel expenses. For last month's meeting, $872 was spent on airfare, $399 on food, and $568 on lodging. What is the remaining balance in the sales executive's travel expense account for last month?

Answer 1

To find the remaining balance in the bank manager's travel expense account, calculate half of the monthly salary and subtract the expenses from it. The remaining balance is $1291.

Step-by-step explanation:

To find the remaining balance in the bank manager's travel expense account, we need to calculate half of the monthly salary and subtract the expenses from it.

First, calculate half of the monthly salary: $6,260 / 2 = ${{6260/2=3130}}

Next, subtract the expenses from half of the monthly salary: $3130 - ($872 + $399 + $568) = ${{3130-(872+399+568)=1291}}

The remaining balance in the bank manager's travel the expense account for last month is $1291.