Ella and Sam have a net income of $$43000$ a year. Their expenses include bi$-$weekly mortgage

payments of $$620,$ $$183$ a month for transit passes, utility costs that average $$150$ a month, savings of

$$312$ a month, $$55$ a month for a phone and Internet package, $$120$ a week for groceries, $$60$ a week for

entertainment, and miscellaneous expenses of $$400$ a month.

a$)$ Convert all income and expense amounts to monthly amounts. Round each value to the nearest dollar.

b$)$ Create a monthly budget that shows fixed and variable expenses in each budget category. Group items

where appropriate.

Are Ella and Sam within their

budget? If so$,$ how much more could

they save each month? If not, what

expenses could they reduce?