alexa has finished her culinary training program and is now working full - time as a chef in a hotel resort…

alexa has finished her culinary training program and is now working full - time as a chef in a hotel resort restaurant. she has tripled her salary from when she was working part - time to pay her expenses through school. how should this increased income affect her budget? make comparisons with her previous budget and her current budget.\n|monthly budget|previous budget|current budget|\n|income|$800|$2400|\n|wages|\n|expenses|$300|$300|\n|rent|$60|$60|\n|utilities|$200|$250|\n|groceries|$100|$150|\n|savings|$30|$30|\n|bus pass|\n|net income|$110|$1610|\n a. alexa is earning quite a bit more money and her expenses reflect the change in income.\n b. alexa is earning quite a bit more money than she was previously. she has worked hard and
Answer
Explanation:
Step1: Analyze income change
Income increased from $800 to $2400.
Step2: Analyze expense - change
Rent stayed at $60, utilities increased from $200 to $250, groceries increased from $100 to $150, savings stayed at $30, and other expenses' total change can be calculated by net - income change.
Step3: Calculate net - income change
Previous net - income was $110, current net - income is $1610.
Answer:
a. Alexa is earning quite a bit more money and her expenses reflect the change in income. Her rent and savings remain the same, but utilities and groceries have increased as her income has tripled. This shows that some of her expenses are responsive to her income change.