debra will attend a 2 - year college, and she is planning her budget. answer the following. (a) below is an…

debra will attend a 2 - year college, and she is planning her budget. answer the following. (a) below is an estimate of all her expenses and sources of funding for her 2 - year college education. for each, select whether it is an expense or a source of funding. transportation: $2540, tuition and fees: $7060, student loans: $9240, books and supplies: $2140, housing and food: $14,740, personal expenses: $1840, savings: $8720, work - study (part - time job): $10,840 (b) what is the total of her estimated expenses? $28,320 (c) what is the total of her estimated funding? $28,800 (d) can debra expect to have enough money for her education? how much is the difference? o yes. she will have $480 more than she needs. no. she will need an additional $

debra will attend a 2 - year college, and she is planning her budget. answer the following. (a) below is an estimate of all her expenses and sources of funding for her 2 - year college education. for each, select whether it is an expense or a source of funding. transportation: $2540, tuition and fees: $7060, student loans: $9240, books and supplies: $2140, housing and food: $14,740, personal expenses: $1840, savings: $8720, work - study (part - time job): $10,840 (b) what is the total of her estimated expenses? $28,320 (c) what is the total of her estimated funding? $28,800 (d) can debra expect to have enough money for her education? how much is the difference? o yes. she will have $480 more than she needs. no. she will need an additional $

Answer

Explanation:

Step1: Categorize items as expense or funding

Transportation, Tuition and fees, Books and supplies, Housing and food, Personal expenses are expenses. Student loans, Savings, Work - study are sources of funding.

Step2: Calculate total expenses

Add up transportation ($2540), tuition and fees ($7060), books and supplies ($2140), housing and food ($14740), personal expenses ($1840). $2540 + 7060+2140 + 14740+1840=28320$

Step3: Calculate total funding

Add up student loans ($9240), savings ($8720), work - study ($10840). $9240 + 8720+10840=28800$

Step4: Determine if enough money and find difference

Since $28800>28320$, she has enough money. The difference is $28800 - 28320=480$.

Answer:

(a) Transportation: Expense; Tuition and fees: Expense; Student loans: Funding; Books and supplies: Expense; Housing and food: Expense; Personal expenses: Expense; Savings: Funding; Work - study (part - time job): Funding (b) $28320 (c) $28800 (d) Yes. She will have $480 more than she needs.