Explore a world of knowledge and get your questions answered on IDNLearn.com. Discover trustworthy solutions to your questions quickly and accurately with help from our dedicated community of experts.

Determine your monthly budget based on the expenses given in the table below.

\begin{tabular}{|c|c|c|c|c|c|c|c|}
\hline & Household & Medical & Entertainment & Loans & Insurance & Personal & Misc. \\
\hline & [tex]$\$[/tex] 1,250.00[tex]$ & $[/tex]\[tex]$ 85.55$[/tex] & [tex]$\$[/tex] 62.35[tex]$ & $[/tex]\[tex]$ 326.12$[/tex] & [tex]$\$[/tex] 93.21[tex]$ & $[/tex]\[tex]$ 250.12$[/tex] & [tex]$\$[/tex] 78.31[tex]$ \\
& $[/tex]\[tex]$ 231.10$[/tex] & & & & & & \\
\hline Totals: & [tex]$\$[/tex] 1,481.10[tex]$ & $[/tex]\[tex]$ 85.55$[/tex] & [tex]$\$[/tex] 62.35[tex]$ & $[/tex]\[tex]$ 326.12$[/tex] & [tex]$\$[/tex] 93.21[tex]$ & $[/tex]\[tex]$ 250.12$[/tex] & [tex]$\$[/tex] 78.31[tex]$ \\
\hline
\end{tabular}

Choose the correct monthly budget based on the total expenses:

A. $[/tex]\[tex]$ 2,298.45$[/tex]
B. [tex]$\$[/tex] 2,205.24[tex]$
C. $[/tex]\[tex]$ 2,376.76$[/tex]
D. [tex]$\$[/tex] 1,879.12$


Sagot :

To determine the best monthly budget based on the actual expenses recorded for the previous month, follow these steps:

1. Summarize the individual expenses recorded:

- Household: [tex]$1,481.10 - Medical: $[/tex]85.55
- Entertainment: [tex]$62.35 - Loans: $[/tex]326.12
- Insurance: [tex]$93.21 - Personal: $[/tex]250.12
- Miscellaneous: [tex]$78.31 2. Add up all these expenses to get the total actual expenses for the month: \[ \text{Total expenses} = 1,481.10 + 85.55 + 62.35 + 326.12 + 93.21 + 250.12 + 78.31 \] 3. Calculate the total: \[ \begin{align*} \text{Total expenses} & = 1,481.10 \\ &\quad + 85.55 \\ &\quad + 62.35 \\ &\quad + 326.12 \\ &\quad + 93.21 \\ &\quad + 250.12 \\ &\quad + 78.31 \\ &= 2,376.76 \end{align*} \] 4. Compare the calculated total monthly expenses to the budget options provided: - Option A: \$[/tex]2,298.45
- Option B: \[tex]$2,205.24 - Option C: \$[/tex]2,376.76
- Option D: \[tex]$1,879.12 5. Identify the option that closely matches the calculated total expenses. The calculated total expenses amount to \$[/tex]2,376.76. The budget option that closely matches this amount is:

- Option C: \[tex]$2,376.76 Therefore, the best monthly budget based on the actual expenses is Option C: \$[/tex]2,376.76.