Chapter 3
Recordkeeping
Using a Budget
Lesson 3.2 Student
Workbook
1. What is the total of their monthly
expenses?
$1829.68
2. What is the total of their monthly
fixed expenses?
$1362.18
3. What is the total of their annual
expenses?
$7374.00
4. What is the monthly share of their
annual expenses?
$614.50
5. What is the total of their monthly
expenses?
$3806.36
6. Are the Legrands living within their
monthly net income?
No, the expenses $206.36
7. The Legrands receive pay raises
that increase their net income by 5%.
What is their new combined monthly net
income?
$3780.00
8. Can the Legrands meet their total
monthly expenses with their new
monthly income?
NO
9. While preparing his budget sheet, John
Drake noticed that his annual expenses
were $17,700 while his monthly living
expenses were $300 more than his monthly
fixed expenses. If John’s total monthly
expenses were $3250, find his monthly fixed
expenses and his monthly living expenses?
Monthly Fixed = $737.50
Monthly Living = $1037.50
Your Assignment:
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