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Please solve the entire question including the monthly income. Thank you! Chris is a high school student who works part-time at the local fast food
Please solve the entire question including the monthly income. Thank you!
Chris is a high school student who works part-time at the local fast food restaurant, earning $200 a week. On top of this, he receives an allowance of $65 a week from his parents. He has moved out of home to live with his older brother, splitting the $1800 a month rent between the two of them. He spends $50 a week on groceries and $20 on eating out; and $20 a week for games, movies and other forms of entertainment. He also owns a car which draws annual expenses of $1500 for insurance and $200 for maintenance, and weekly gas cost of $30 for travel to and from school. For his phone and internet, he is on the $50 a month phone and internet bundle with unlimited use. For his electricity and water bills, Chris budgets for these by using the average figure from the previous year. His previous four quarterly electricity bills were $150,$120,$140 and $160, and his previous four quarterly water bills were $100,$80,$90 and $120. He deposits whatever money he has left over into his bank account. 1. Complete a monthly budget for Chris. Assume 4 weeks for 1 month. I8APP 2. Show calculation for the electricity cost and the water cost for a month: I2APP Electricity cost: Water costStep by Step Solution
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