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Use the table to answer the question.

Hannah Garcia's monthly take-home pay is $2,255. Examine her monthly budget, and determine if she is in credit overload. Show your work or explain how you got your answer.

Description Amount
rent $975
utilities $250
car payment $275
credit card #1 $76
credit card #2 $114
savings $200
miscellaneous $350

Respuesta :

Answer:

No she is not

Step-by-step explanation:The total sum of money she is spending is $2,240, which does not exceed her maximum amount of money, $2,255.

Answer:

No, she is not in credit overload.

Step-by-step explanation:

Hannah Garcia's monthly take-home pay = $2,255.

Her total monthly budget is :

Rent =                  $975

Utilities =             $250

Car payment =    $275

Credit card #1=    $76

Credit card #2=   $114

Savings =             $200

Miscellaneous =  $350

Now we will calculate the total of her monthly expenditure :

975 + 250 +275 + 76 + 114 + 200 + 350 = $2240

As this is given in the question that Hannah's monthly salary is $2,255 and her spending is $2,240 that is not exceeding from her salary. So she is not in credit overload.

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