Answer: The current balance in her checking account is {$152.59}.
Explanation:
To find out the current balance in LaToya's checking account, we need to calculate the net effect of all the transactions that have occurred in her account. We can do this by adding or subtracting the amounts of each transaction from her starting balance.
LaToya has $149.49 in her checking account at the start of the week. She withdraws $40 from the ATM, which reduces her balance by $40. She is also charged a usage fee of $2.50, which reduces her balance by $2.50. This means that her balance is now $149.49 - $40 - $2.50 = $107.99.
The following week, she deposits her paycheck of $125.27, which increases her balance by $125.27. She also writes two checks, one for $37.99 and the other for $42.68, which reduces her balance by $37.99 + $42.68 = $80.67.
Therefore, the current balance in LaToya's checking account is $107.99 + $125.27 - $80.67 = $152.59.
Therefore, the current balance in her checking account is {$152.59}.