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MAVERICK [17]
3 years ago
14

James has worked full time as an entry-level web designer since earning his certification. He

Mathematics
1 answer:
Norma-Jean [14]3 years ago
5 0

A budget is a periodical compilation of the estimated revenue earned and expenses incurred within a given time period

Monthly income calculation

James monthly income is calculated as follows;

Monthly income = \dfrac{\$47,000}{12} \approx \$ 3,916.\overline 6

The required <u>James' monthly personal budget </u>is presented as follows;

Based on the above monthly income, the monthly personal budget is found by entering the given values in a budget template as follows;

\begin{array}{lllc}& Incone &\$3,916.6 \\&Rent&\$950\\&Insurance \ (renter's)&\$25\\&Insurance \ (health)&\$185\\&Retirement \ (401 (k))&\$157\\&Car \ insurance &\$120 \\Fixed \ expenses&Utilities&\$100 &\\&Cell \ phone &\$85 &\\&Cable \ TV& \$70 &\\&Credit \ card& \$150 \\&Car \ payment&\$554\\&\underline{ \mathbf{Total \ fixed \ expenses}}& \$2,396 \\&&\\&Clothing& \$80 & \\Variable \ expenses&Groceries& \$300 \\&Entertainment&\$196 \\&\underline{ \mathbf{ Total \ variable \ expenses}}&\$576 \end{array}

                                Savings   {}                             $944.\overline 6

Learn more about how to make a budget here:

brainly.com/question/14080312

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