Total monthly saving = $1,315
<h3>What are savings?</h3>
Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately.
Given:
Oakland Los Angeles
Cost Housing $565 $1200
Food $545 $655
Health Care $245 $495
Taxes $450 $625
Other Necessities $350 $495
Now,
Saving in house
= $1200 - $565
= $635
Saving in food
= $655 - $545
= $110
Saving in health care
= $495 - $245
= $250
Saving in taxes
= $625 - $450
= $175
Saving in necessities
= $495 - $350
= $145
Total saving = $635+$110+$250+$175+$145
= $1,315
Hence, the monthly savings should be $1,315.
Learn more about this concept here:
brainly.com/question/13096261
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The complete question is
Benito's family is thinking of relocating from Los Angeles to Oakland to save money. They set up a budget comparing the cost of living for both cities. Oakland Los Angeles Budget Item Cost Cost Housing $565 $1200 Food $545 $655 Health Care $245 $495 Taxes $450 $625 Other Necessities $350 $495 Monthly Total How much money will they save monthly by the move to Oakland? $1315 $1560 $1665 $1765?
