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25 June, 09:36

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

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Answers (2)
  1. 25 June, 11:14
    0
    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.
  2. 25 June, 12:22
    0
    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.
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