calculating components of a budget\nfranklins monthly budget\nfranklin, a college student, crafted a monthly…

calculating components of a budget\nfranklins monthly budget\nfranklin, a college student, crafted a monthly budget table to manage his finances. he listed income sources alongside expenses. by comparing projected and actual amounts, he aimed to control spending, save effectively, and avoid financial pitfalls.\nusing the formula for debt - to - income ratio:\ndebt - to - income ratio = \\frac{total monthly expense}{total monthly income}\nwhat is franklins debt - to - income ratio, if the total monthly expense is $1,035 and the total monthly income is $1,740?\ncategory projected amount ($) actual amount ($) difference ($)\npart - time job 800 750 - 50\nparental allowance 300 320 20\nscholarship s 500 500 0\ngiving tutorials 150 170 20\nrent

Answer