Question

Julia brings home ​$2 comma 200 per month after taxes.​ Julia's rent is ​$806 per​ month, her utilities are ​$136 per​ month, and her car payment is ​$277 per month. Julia is currently paying ​$196 per month to her orthodontist for her braces. If​ Julia's groceries cost ​$66 per week and she estimates her other expenses to be ​$204 per​ month, how much will she have left each month to put toward savings to reach her financial​ goals?

Answer 1

Answer:

The amount left for Julia to save after all expenses have deducted from her take-home(disposable income) is $317 as shown below.

Explanation:

The amount that Julia can save is the amount left of her disposable income when all expenses are taken care of.

The amount that could be saved is computed thus:

Take-home amount               $2,200

Rent                                        ($806)

Utilities                                    ($136)

Car payment                           ($277)

Orthodontist payment            ($196)

Groceries($66*4 weeks)         ($264)

Other expenses                       ($204)

Savings                                     $317

Answer 2

Answer:

$317

Explanation:

the amount left will be each month = net pay - total expenses

net pay ( after taxes) = $2,200

total expenses

rent                       $806

utilities                  $136

car                         $277

orthodontist          $196

groceries($66×4)  $264

others                     $204

total expenses =     $1,883

amount left each month = $2,200 - $ 1883

=$317