Final answer:
Mary Ann can save more than her goal of 10% of her after-tax monthly income of $2,589.10 after expenses, which total $2,145. Her remaining balance allows for a savings of $444.10, exceeding her savings goal of $258.91.
Step-by-step explanation:
The student's question is related to saving money and creating a budget table, which is a mathematical exercise typically involving addition, subtraction, and percentage calculations. Let's consider Mary Ann's scenario where she wants to save 10% of her after-tax monthly income. Here's how a budget table for Mary Ann would look:
- After-tax monthly income: $2,589.10
- Rent: $790
- Cell phone: $75
- Utilities: $45
- Cable TV and internet: $65
- Groceries: $450
- Entertainment: $250
- Car payment: $350
- Gasoline: $120
- Savings goal (10% of income): $258.91
To determine if she can meet her savings goal, we subtract all her expenses from her income:
- Total expenses: Rent + Cell phone + Utilities + Cable TV and internet + Groceries + Entertainment + Car payment + Gasoline
- Total expenses: $790 + $75 + $45 + $65 + $450 + $250 + $350 + $120 = $2,145
- Remaining after expenses: $2,589.10 - $2,145 = $444.10
Since Mary Ann has $444.10 left after expenses, which is more than her savings goal, she would indeed be able to save at least 10% of her after-tax monthly income.