Referring to Exercise 15: Monthly income \(=\$ 4,385.00\)

Determine the amount of money that should be allocated to each of the three categories of the 50-30-20 budget philosophy guidelines.

Data from Exercises 15

Per month: paychecks \(=\$ 4,385\), Rent \(=\$ 1095\), Utilities \(=\$ 165\), Cell phone \(=\$ 67.50\), Car payments \(=\$ 467.35\), Car insurance \(=\$ 243.75\), Student loans \(=\$ 1,150\), Food \(=\$ 325\), Gasoline \(=\$ 260\), Internet \(=\$ 99\), Netflix \(=\$ 15\), Amazon \(=\$ 23\), Gym membership \(=\$ 49\), entertainment \(=\$ 650\)

Create the budget, including totals and how much the income exceeds or falls short of the expenses, based on the information given.