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Chapter 3 Recordkeeping

Chapter 3 Recordkeeping. Using a Budget. Lesson 3.2 Student Workbook. 1. What is the total of their monthly expenses?. $1829.68. 2. What is the total of their monthly fixed expenses?. $1362.18. 3. What is the total of their annual expenses?. $7374.00.

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Chapter 3 Recordkeeping

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  1. Chapter 3Recordkeeping Using a Budget Lesson 3.2 Student Workbook

  2. 1. What is the total of their monthly expenses? $1829.68

  3. 2. What is the total of their monthly fixed expenses? $1362.18

  4. 3. What is the total of their annual expenses? $7374.00

  5. 4. What is the monthly share of their annual expenses? $614.50

  6. 5. What is the total of their monthly expenses? $3806.36

  7. 6. Are the Legrands living within their monthly net income? No, the expenses $206.36

  8. 7. The Legrands receive pay raises that increase their net income by 5%. What is their new combined monthly net income? $3780.00

  9. 8. Can the Legrands meet their total monthly expenses with their new monthly income? NO

  10. 9. While preparing his budget sheet, John Drake noticed that his annual expenses were $17,700 while his monthly living expenses were $300 more than his monthly fixed expenses. If John’s total monthly expenses were $3250, find his monthly fixed expenses and his monthly living expenses? Monthly Fixed = $737.50 Monthly Living = $1037.50

  11. Your Assignment: Page 163, #3 – 17

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