Question

janet and peter have to pay R2140 a month on other repayments,R66 300 per year on ther home repayments and R4 635,50 a week on other repayments janet gets R7680,26 a fortnight after tax and peter gets R11 930,71 a month after tax draw up a monthly budget for jenet and peter assume there are four weeks in a month​

Answer 1

Based on fact that the budget is a monthly budget, all the amounts involved need to be converted to a monthly basis.

Home repayments monthly amount

= 66,300 / 12

= R5,525

Other Repayments

= 4,635.50 x 4 weeks in month

= R18,542

Janet Monthly Salary

= 7,680.26 x 2 fortnights in month

= R15,360.52

Total monthly income

= Janet income + Peter

= 15,360.52 + 11,930.71

= R27,291.23

Monthly Budget

                                           Monthly Budget for Janet and Peter

                                        Budgeted Amt       Actual Amt         Difference

Income                                                                                    

After tax Salary                 R27,291.23           R27,291.23                  0

Expenses

Home Repayment               R5,525               R5,525                        0

Other Repayment                R2,140                R2,140                         0

Other Repayment              R18,542              R18,542                      0

Total                                   R26,207                R26,207                     0

                                                                                               

Bottom line                        R1,084.23             R1,084.23                   0

Find out more on monthly budgets at https://brainly.com/question/1995710.