Question

Carlos creates a basic budget using the equation Money Left Over = a - b - C, where

Income = a, Needs b, and Wants = c. His monthly income is $3210, his mortgage
payment is $1350, and he spends an additional $950 each month on groceries, utilities, and
insurance. Finally, he buys four concert tickets for $300.
Which amount represents his needs?​

Answer 1

$950

This is because he needs groceries, utilities, and insurance.

Answer 2

$2300

Explanation:

Carlos's needs will include ...

• mortgage: $1350
• groceries, utilities, insurance: $950

These total $2300.

Carlos's needs amount to $2300 per month.