Corbie and James are trying to set up their budget. Corbie earns $2750 paid once a month after taxes. James gets paid every other week for tutoring at the local library, and his smallest paycheck in the past six months was $280. Their monthly rent for their home is $925 and their most expensive month for combined utilities last year cost $325. Their smartphones cost $180 per month. They spend $120 per week on groceries, $45 per week on gas, and $620 per month for their car's payment, insurance, and maintenance savings. James spends $600 per semester (twice a year) for college tuition. They each give themselves a $100 per week allowance for personal expenses such as clothes, haircuts, dining out, and entertainment. Calculate their prorated monthly amounts, their monthly totals, and their cash flow.

( James's paycheck, the total income, cash flow, incidentals, and total expenses)

 

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Calculate their prorated monthly amounts, their monthly totals, and their cash flow. Income Monthly Amount Monthly Amount Correct? Expense Correct? Source Corbie's 2750 Yes Rent 925 Yes Paycheck James' Utilities 325 Yes Paycheck Phones 180 Yes Groceries 520 Yes Gas 195 Yes Car Costs 620 Yes Tuition 100 Yes Incidentals Total Total Income Expenses Your Cash Flow 8 Score:

Answer rating: 100% (QA)