Question

Jim earns $1,600 per month after taxes. He is working on his budget and has the first three categories finished. Housing $576 Food $272 Transportation $320 Why will he have a problem with the rest of his budget? He is budgeting too much for transportation. He has used the highest recommended percentages to calculate the amounts for the three categories. He is budgeting too much for housing. He has used the lowest recommended percentages to calculate the amounts for the three categories.

Answer 1

He has used to much money I think but still is if he uses he will have 752 and then he will not have the amount that he needs.