Question

James has established the following monthly budget for himself: Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $300 Food. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $175 Entertainment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $125 Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $200 Car loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $250 Personal needs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 50 Miscellaneous. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25 Insurance payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $125 How much does James earn each month? (Assume that the budget above accounts for James’s entire monthly income.)

Answer 1

Answer:

£1250

Step-by-step explanation:

Answer 2

Answer:

James's monthly income is $1250.

Step-by-step explanation:

If the budget accounts for James's entire monthly income, the sum of the cost of all the items on the budget is his total monthly income.

Income = 300 + 175 + 125 + 200 + 250 + 50 + 25 + 125 = $1250