Ed and Marta are paid $3,250 after taxes every month. Monthly expenses include $1,200 on housing andutilities, $550 for autoloans, $300 onfood, and an average of $1,000 on clothing and other variable expenses. Calculate and interpret their savings ratio.

(Question)The amount of Ed andMarta's income available for savings and investment is$(blank)

(Round to the nearestdollar.)