Question

Your realized income is $2,943.20 /month. How much are your fixed expenses each month? How much could you save per month if you take 25% of your discretionary monies and put it in a savings account?

Answer 1

Answer:

The saving amount per month is $ 735.8 And

The Expenses amount per month is $2,207.4

Step-by-step explanation:

Given as :

The total per month income = $2,943.20

The saving percentage amount per month = 25% of discretionary money  

So , The saving amount per month = 25 % of $2,943.20

                                                          = .25 × $2,943.20 = $735.8

The amount which is fixed as each month expenses = total monthly income - total monthly saving

So, Expenses amount per month = $2,943.20 - $735.8

                                                       = $2,207.4

Hence The saving amount per month is $ 735.8 And The Expenses amount per month is $2,207.4     Answer