Question

For this question, you will be answering by filling in the blanks. Please be aware that your answer must include any commas or decimals in their proper places in order to be correct. The dollar signs have been provided. For example, if the answer is $1,860.78, then you will enter into the blank 1,860.78. Do not place any extra spaces between numbers, commas, or decimal places. Round any decimals to the nearest penny when the answer involves money, so that $986.526 would be typed into the blank as 986.53 and $5,698.903 would be typed into the blank as 5,698.90.
Expense

Amount

Rent payment

$953.20/month

Auto payment

$165.87/month

Telephone

$56.98/month

Auto insurance

$714.36/six months

Once-a-week outing

$35.00/week


Your realized income is $2,412.54/month. How much discretionary monies do you have each month?

Answer 1

The total discretionary money every month is $1,117.43.

What is discretionary money?

This is the amount of money after paying for necessary products and other obligations. This includes:

• Food
• Housing
• Taxes

How to calculate the discretionary money?

Discretionary money = Total income - money spent on taxes and basic expenses.

Basic expenses:

• Rent: $953.20
• Auto payment: $165.87
• Telephone: $56.98
• Autoinsurance: $714.36 every six months / 6 months = 119.06
• Total: 1,295.11

Discretionary money = Total income - money spent on taxes and basic expenses.

• $2,412.54 - $1,295.11 = $1,117.43

Learn more about discretionary money in: brainly.com/question/12159880