Q:

Your realized income is $2,943.20 /month. How much are your fixed expenses each month? How much could you save per month if you take 25% of your discretionary monies and put it in a savings account?

Accepted Solution

A:
Answer:The saving amount per month is $ 735.8 And The Expenses amount per month is $2,207.4 Step-by-step explanation:Given as :The total per month income = $2,943.20The saving percentage amount per month = 25% of discretionary money  So , The saving amount per month = 25 % of $2,943.20                                                           = .25 × $2,943.20 = $735.8The amount which is fixed as each month expenses = total monthly income - total monthly savingSo, Expenses amount per month = $2,943.20 - $735.8                                                        = $2,207.4 Hence The saving amount per month is $ 735.8 And The Expenses amount per month is $2,207.4     Answer