Answer:
Step-by-step explanation:
9.5
Given Mr. Engle’s total income, I = $52,000 and total expenses, E = $53,800, solving for average difference between income and expenses per month:
(I-E)/12 = ($52,000 - $53,800)/12
(I-E)/12 = - $1,800/12
(I-E)/12 = -$150
This means that Mr. Engle’s expenses exceed his income by an average of $150 each month in the said year.
