Question

A college student earns $ 15 , 000 working part time at a bookstore. the student pays 1 10 of the earnings in taxes, spends 2 5 of the earnings on living expenses, and saves the remainder of the earnings. how much money does the student save?

Answer 1

The amount she will have left having been working as a part time at a bookstore $14,865

What is savings?

Savings is the amount left after deducting expenses spent. it is the money set aside for future use and not spent immediately.

Given that:

Total amount earned by the student

= $15000

Earning paid off in taxes

= $110

Amount spent on living expenses

= $25

Amount she will have left

= $15000 - ($110 + $25)

= $15,000 - $135

= $14,865

Hence the amount she will have left is $14,865

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