(Twenty points, please help! Thank you!)
Sonny Cruz, a full-time tour guide, has an annual salary of $15,000. After he pays his taxes and health insurance, his annual salary is $12,000. This is what Sonny's monthly budget looks like:
Income (after tax & health insurance) $1000
Savings interest earned $ 4
Total Income $1004
Fixed Expenses
Savings $ 71
Total Fixed Expenses $751
Variable Expenses
Total Variable Expenses $253
Total Expenses $1004
Q3. Expenses vs. Income: What do you notice about Sonny’s budget? What must Sonny be aware of with his expenses?