9. The Brandon household has a monthly income of $5,630 on which to base their budget. They...

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9. The Brandon household has a monthly income of $5,630 on which to base their budget. They plan to save 10 percent and spend 32 percent on fixed expenses and 56 percent on variable expenses.

(LO2.3)

a. What amount do they plan to set aside for each major budget section?

Savings $________ Fixed expenses $________ Variable expenses $________

b. After setting aside these amounts, what amount would remain for additional savings or for paying off debts?

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Focus On Personal Finance

ISBN: 9781259919657

6th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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