Q:

Create a budget using the following information. Corinne has a net spendable income of $1,600 per month. Her health insurance costs have been taken out of her pay before determining the net spendable income. She has the following expenses: Housing: Rent $500/month (utilities and sanitation included) Telephone/Internet $75/month Renters Insurance $60/every six months Transportation: Car Payments $80/month Gas/Oil at least $120/month Insurance $540/year Life Insurance $240/year Debts $60/month

Accepted Solution

A:
Income +1600
Rent -500
Phone/Internet -75
Renters Insurance -10
Car Payment -80
Gas/Oil -120
Insurance -45
Life Insurance -20
Debts -60

[tex]1600 - 500 - 75 - 10 - 80 - 120 - 45 - 20 - 60 = 690[/tex]

$690/month left over