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Predict how much money can be saved without having a negative actual net income.

| Monthly Budget | Budgeted Amount | Actual Amount |
|----------------|-----------------|---------------|
| Income | | |
| Wages | \[tex]$1025 | \$[/tex]675 |
| Expenses | | |
| Rent | \[tex]$300 | \$[/tex]300 |
| Utilities | \[tex]$175 | \$[/tex]100 |
| Food | \[tex]$75 | \$[/tex]200 |
| Cell Phone | \[tex]$300 | \$[/tex]75 |
| Savings | \[tex]$75 | |
| \ \textless \ strong\ \textgreater \ Net Income\ \textless \ /strong\ \textgreater \ | | |

a. It is not possible to save any money this month without having a negative actual net income.
b. \$[/tex]350 can be saved resulting in an actual net income of \[tex]$0.
c. \$[/tex]200 can be saved resulting in an actual net income of \[tex]$75.
d. Because there is a \$[/tex]75 budgeted net income, that \$75 can be put towards savings.


Sagot :

To determine how much money can be saved without having a negative actual net income, let's examine the actual income and expenses and derive the net income.

### Step-by-Step Solution:

1. Calculate Actual Total Income:

The only source of income mentioned is wages.
- Actual Wages: \[tex]$675 So, the total actual income is: \[ \text{Total Income} = \$[/tex]675
\]

2. Calculate Actual Total Expenses:

The expenses mentioned are rent, utilities, food, and cell phone.
- Rent: \[tex]$300 - Utilities: \$[/tex]100
- Food: \[tex]$200 - Cell Phone: \$[/tex]75

So, the total actual expenses can be calculated as:
[tex]\[ \text{Total Expenses} = \$300 + \$100 + \$200 + \$75 = \$675 \][/tex]

3. Calculate Actual Net Income:

Net income is calculated by subtracting total expenses from total income.
[tex]\[ \text{Net Income} = \text{Total Income} - \text{Total Expenses} = \$675 - \$675 = \$0 \][/tex]

4. Determine Maximum Savings:

Since the net income is \[tex]$0, there is no extra money left to save without resulting in a negative actual net income. Therefore, the maximum savings without having a negative net income is: \[ \text{Maximum Savings} = \$[/tex]0
\]

Given the steps above, the correct answer to how much money can be saved without having a negative actual net income is:

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