Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pleasw determine weather he's spending over or under his budget and fill out the chart. Percent 7. Your monthly net income is $980. You allocate
Pleasw determine weather he's spending over or under his budget and fill out the chart.
Percent 7. Your monthly net income is $980. You allocate 10 percent for clothing, 27 percent for transportation, 30 percent for groceries, 8 percent for entertainment, 5 percent for pocket money, and the remainder for savings. Your actual expenses for 2 months are shown. What is the dollar amount allocated for each expense? Find the difference between the actual amount spent and the amount budgeted? Are you spending over or under your budget? Budget - Act Item Monthly Budget Actual for Sept. Difference Actual for Oct. Difference 2 Months Combined Clothing 98 $ 75.00 23 $ 136.27 - 38.27 - 15.27 Transportation 0 250.00 275.68 -275.8) Groceries 294 324.50 275.61 - 355 Entertainment 79.4 121.60 1-43.2 65.32 Pocket Money 35.00 40 54.00 14 Savings 200.00 175.00 Totals 980 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started