Leslie shares an apartment with two friends, and the rent and utilities are split equally by all three
Tenants. Find the amount left for variable expenses and luxuries if her monthly income is $1,669.54
And fixed expenses are shown below.
Total rent: $1,741 Total utilities $341
Public transportation: $95 Cell Phone: $89.50
Insurance: $46.60 Gym membership $39.95

Question

Quizplus · Accepted Answer

Fixed expenses:
Total rent: $1,741
Total utilities: $341
Public transportation: $95
Cell phone: $89.50
Insurance: $46.60
Gym membership: $39.95
Total fixed expenses: $2,353.05

Monthly income: $1,669.54
Monthly fixed expenses: -$2,353.05

Amount left for variable expenses and luxuries:
$1,669.54 - $2,353.05 = -$683.51

Since the amount left is negative, this means that after paying for fixed expenses, there is not enough money for variable expenses and luxuries. Therefore, none of the choices are valid options. First, we need to find out Leslie's monthly fixed expenses:
Total fixed expenses = Total rent + Total utilities + Public transportation + Cell phone + Insurance + Gym membership
Total fixed expenses = $1,741 + $341 + $95 + $89.50 + $46.60 + $39.95
Total fixed expenses = $2,353.05
Next, we need to find out how much Leslie pays for rent and utilities:
Total rent and utilities = Total rent + Total utilities
Total rent and utilities = $1,741 + $341
Total rent and utilities = $2,082
Since Leslie splits the rent and utilities equally with her two friends, her share would be:
Leslie's share of rent and utilities = ($2,082 ÷ 3)
Leslie's share of rent and utilities = $694
To find out how much is left for variable expenses and luxuries, we subtract Leslie's fixed expenses and share of rent and utilities from her monthly income:
Amount left for variable expenses and luxuries = Monthly income - Total fixed expenses - Leslie's share of rent and utilities
Amount left for variable expenses and luxuries = $1,669.54 - $2,353.05 - $694
Amount left for variable expenses and luxuries = -$377.51
The negative result means that Leslie does not have enough money for variable expenses and luxuries. Therefore, none of the choices provided are applicable.

Leslie Shares an Apartment with Two Friends, and the Rent