Question

2. You are paid $1000 biweekly (26 pay checks per year) in your job. Your expenses...

2. You are paid $1000 biweekly (26 pay checks per year) in your job. Your expenses are $750 per month rent on your apartment, $250 per month for food, and $80 per month for utilities, $350 per month on Miscellaneous purchases. You also have student loans on which you make monthly payments of $200. How much will you have left over? Round to the nearest dollar.

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Answer #1

Biweekly income = 1000

number of paychecks = 26

Annual income = 26 * 1000 = 26000

Monthly rent = 750

Annual rent = 750 * 12 = 9000

Monthly food = 250

Annual food = 250 * 12 = 3000

Monthly utilities = 80

Annual rent = 80 * 12 = 960

Monthly Miscellaneous = 350

Annual Miscellaneous = 350 * 12 = 4200

Monthly loan payment = 200

Annual loan payment = 200 * 12 = 2400

Amount left = 26000 - 9000 - 3000 - 960 - 4200 - 2400 = 6440

I hope that answer is fine

LET ME KNOW IF YOU HAVE ANY DOUBTS

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