HELP WILL GIVE BRAINLIEST!!!!
Todd has a net monthly income of $2,000. Create a reasonable monthly budget for Todd. Be sure to include the following expenses: Todd and two friends are sharing a $900/month apartment. Todd's share of the rent is $300. They are also splitting utilities 3 ways. Utility costs average $150/month ($50 per person). Todd is a student. He has a tuition waiver, but he must pay about $250 per month for books and supplies.

Question

26-05-2018
Mathematics

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HELP WILL GIVE BRAINLIEST!!!!
Todd has a net monthly income of $2,000. Create a reasonable monthly budget for Todd. Be sure to include the following expenses: Todd and two friends are sharing a $900/month apartment. Todd's share of the rent is $300. They are also splitting utilities 3 ways. Utility costs average $150/month ($50 per person). Todd is a student. He has a tuition waiver, but he must pay about $250 per month for books and supplies.

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altavistard altavistard · Answer 1 · 2018-05-26T16:56:26+02:00

This is partly a test of your understanding of personal budgeting, more so that than a math problem. Your answer might be different from your friend's, yet be acceptable.

Todd's net monthly income: $2,000

Todd's monthly expenses:
Rent: $300
Utilities 50
Books/supplies 250
Food and meals
Transportation
Incidentals
Clothing
Entertainment
Total $

Add up the given costs ($300, $50 and $250). Subtract the sum from $2000. What's left you could label "Miscellaneous expenditures." Then your budget would look like this:

Todd's monthly expenses:
Rent:   $300
Utilities   50
Books/supplies 250
Miscellaneous x

Note that these four items must add up to $2,000.