Question

Budgeting Carey’s monthly take-home pay is $2315.86. She pays the following bills each month:

Rent $1250
Utilities $75.16
Car payment $256.83
Insurance $107.95
How much does Carey have left each month for food, entertainment, and other expenses?

Answer 1

After subtracting Carey's monthly expenses from her take-home pay, she has $625.92 left each month for food, entertainment, and other expenses.

Step-by-step explanation:

To calculate how much Carey has left each month for food, entertainment, and other expenses, we need to subtract her monthly bills from her monthly take-home pay. First, let's add up the expenses:

• Rent: $1250
• Utilities: $75.16
• Car payment: $256.83
• Insurance: $107.95

Now, let's sum these to find the total monthly expenses:

Total Monthly Expenses = $1250 + $75.16 + $256.83 + $107.95 = $1689.94

Next, we'll subtract the total monthly expenses from Carey's monthly take-home pay:

Amount Left for Other Expenses = Monthly Take-Home Pay - Total Monthly Expenses = $2315.86 - $1689.94 = $625.92

Carey has $625.92 left each month to cover expenses such as food, entertainment, and any other miscellaneous items.