At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Mr. Thom makes \[tex]$25,900 per year as a document processor. He has made the following chart to divide his weekly paycheck into his accounts:

\begin{tabular}{|l|l|l|}
\hline
Expense type & Account & Weekly deposits \\
\hline
Essential (Fixed) & $[/tex]1^{\text{st}}[tex]$ Checking account & \$[/tex]219 \\
\hline
Essential (Variable) & [tex]$1^{\text{st}}$[/tex] Checking account & \[tex]$115 \\
\hline
Non-essential & $[/tex]2^{\text{nd}}[tex]$ Checking account & \$[/tex]40 \\
\hline
Other (Unexpected) & Emergency savings account & \[tex]$20 \\
\hline
Other (Predictable) & Education investment fund & \$[/tex]10 \\
\hline
Other (Predictable) & Retirement investment fund & \[tex]$40 \\
\hline
Other (Predictable) & Emergency savings account & \$[/tex]15 \\
\hline
Total paycheck & & \$498 \\
\hline
\end{tabular}

Unfortunately, he has made a mistake in adding the numbers and has not allocated all of the paycheck. If he deposits the difference into the two emergency savings accounts, how much total per week can he then put towards emergency savings?


Sagot :

Let's tackle Mr. Thom's budget allocations step by step to determine how much he can put towards his emergency savings each week.

First, we identify the weekly deposit amounts for each type of expense:
- Essential (Fixed): [tex]$219 - Essential (Variable): $[/tex]115
- Non-essential: [tex]$40 - Unexpected (Other): $[/tex]20
- Predictable (Education): [tex]$10 - Predictable (Retirement): $[/tex]40
- Predictable (Emergency): [tex]$15 Next, we calculate the sum of all allocated amounts: \[ 219 + 115 + 40 + 20 + 10 + 40 + 15 = 459 \] Given Mr. Thom's total weekly paycheck of $[/tex]498, we determine the unallocated amount:
[tex]\[ 498 - 459 = 39 \][/tex]

Mr. Thom decides to deposit this unallocated amount into his emergency savings. The total contributions to emergency savings will include:
- Unallocated amount: [tex]$39 - Unexpected (Other): $[/tex]20
- Predictable (Emergency): [tex]$15 Summing these amounts, we get: \[ 39 + 20 + 15 = 74 \] Thus, Mr. Thom can put a total of $[/tex]74 towards his emergency savings each week.
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.