predict how much money can be saved without having a negative actual net income.\nmonthly budget\tbudgeted…

predict how much money can be saved without having a negative actual net income.\nmonthly budget\tbudgeted amount\tactual amount\nincome\nwages\t$1025\t$675\nexpenses\nrent\t$300\t$300\nutilities\t$100\t$100\nfood\t$175\t$200\ncell phone\t$75\t$75\nsavings\t$300\t$\nnet income\t$75\t$\na. it is not possible to save any money this month without having a negative actual net income.\nb. $350 can be saved resulting in an actual net income of $0.\nc. $200 can be saved resulting in an actual net income of $75.\nd. because there is a $75 budgeted net income, that $75 can be put towards savings.

predict how much money can be saved without having a negative actual net income.\nmonthly budget\tbudgeted amount\tactual amount\nincome\nwages\t$1025\t$675\nexpenses\nrent\t$300\t$300\nutilities\t$100\t$100\nfood\t$175\t$200\ncell phone\t$75\t$75\nsavings\t$300\t$\nnet income\t$75\t$\na. it is not possible to save any money this month without having a negative actual net income.\nb. $350 can be saved resulting in an actual net income of $0.\nc. $200 can be saved resulting in an actual net income of $75.\nd. because there is a $75 budgeted net income, that $75 can be put towards savings.

Answer

Explanation:

Step1: Calculate actual total income

Actual income is only wages: $675.

Step2: Calculate actual total non - savings expenses

Rent + Utilities + Food + Cell Phone = $300 + $100 + $200 + $75 = $675.

Step3: Set up net income equation

Let savings be ( S ). Total expenses = ( 675 + S ). Net income = Actual income - Total expenses = ( 675-(675 + S)=-S ).

Step4: Determine condition for non - negative net income

Non - negative net income requires ( -S\geq0 ), so ( S\leq0 ). Since savings cannot be negative, the maximum savings ( S = 0 ). Saving any positive amount would make net income negative.

Answer:

a. It is not possible to save any money this month without having a negative actual net income.