Question

Jeff receives a paycheck of $2,100 twice per month. His monthly expenses include: $1,500 on rent, $400 on a car payment, $120 for his cellphone, $450 for utilities, $250 for groceries, and $200 for entertainment. After calculating Jeff's cash flow, how much does he have left over for the month

Answer 1

Answer:

$1,280

Explanation:

Given that,

Rent expense = $1,500

Car payment = $400

Cellphone expense = $120

Utilities = $450

Groceries expenses = $250

Entertainment expenses = $200

Jeff receives a paycheck of $2,100 twice per month, the amount received in a month is calculated as follows:

= $2,100 × 2

= $4,200

The amount left after deducting all of the expenses:

= Amount received - Rent expense - Car payment - Cellphone expense - Utilities - Groceries expenses - Entertainment expenses

= $4,200 - $1,500 - $400 - $120 - $450 - $250 - $200

= $1,280

Therefore, he have left over $1,280 for the month.