Question

Alexa has finished her culinary training program and is now working full-time as a chef in a hotel resort restaurant. She has tripled her salary from when she was working part-time to pay her expenses through school. How should this increased income affect her budget? Make comparisons with her previous budget and her current budget.
$800$2400Expenses
  Rent
  Utilities
  Groceries
  Savings
  Bus Pass$300$60$200$100$30$300$60$250$150$30

Answer 1

Answer: The budget of Alexa is increased by $100.

Explanation:

It is given that the current income of Alexa is 3 times of her previous income.

Her previous salary was $800 and current salary was $2400.

Expenses =   Rent  + Utilities  + Groceries  + Savings  + Bus

The sum of previous expenses is,

Previous expenses = $300 + $60 + $200 + $100 + $30 = $690

The sum of current expenses is,

Current expenses = $300 + $60 + $250 + $150+ $30 = $790

Effect of income on expenses is the difference of current expenses and previous expenses.

Effect of income on expenses = $790 - $690 = $100

Therefore, the budget of Alexa is increased by $100.

Answer 2

Answer:

c.

Alexa is earning quite a bit more money than she was previously. This would be a good time for her to re-evaluate her budget. Part of the extra money she is making could be put in her savings account.

Step-by-step explanation: