Practice Lucille Richards earns $ 1,250.00 semimonthly and has the following expenses — monthly living expenses...
Practice Lucille Richards earns $ 1,250.00 semimonthly and has the following expenses — monthly living expenses : $ 837.50 ; fixed monthly expenses : $ 925.00 annual expenses : $ 4,200.00 . How much can she afford to spend each month on entertainment ?
A. $ 0.00
B. $ 387.50
C. $ 595.83
D. $ 1,187.50
Homework Answers
Licullie Richards Earning per month ( $1250 x 2 ) = $ 2500.00
Less: Monthly Living Expenses $837.50
Fixed monthly expenses $925.00
Annual Expenses ($4200/12) $350.00
Total $2112.50
Balance for entertainment ($2500 - $2112.50) $387.50.
Answer is (B) $387.50.
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