Entering the World of Work

Section 1: Making a Budget

Math Practice Step-by-Step

Follow these steps to solve the Section 14.1 Math Practice problem.

Fixed and Flexible Expenses
Figure It Out  Your monthly net earnings are $2,350. Your fixed expenses total 50% of your budget. Your flexible expenses total 17%. How much cash do you have left over each month?

Step 1  Convert your two percentages (50% and 17%) into decimals.

Step 2  Multiply your monthly net earnings by each percentage.

Step 3  Add the two amounts. This is your total for both fixed and flexible expenses.

Step 4  Subtract the number you calculated in Step 3 from your net earnings. The difference is the answer to this question.