Understanding Your Living Expenses

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Homework for August 10, 2016

Name ______________________date____________________

levels 1,2,3

Jamonica works for Macys as a window designer. She makes $52,000 per year. Jamonica lives  with her husband Christian and three children in an apartment in Manhattan. Her rent per month  $1,800, childcare expenses  for one child is $375 per week, cell phone bill is $150, cable is $69, gas is $45, light is $83, food is $325 per week, and miscellaneous is $125 per month.

Questions

1.         What is Jamonica’s income per year? ______________________________________

2.         How much is Jamonica’s rent per year? ____________________________________

Show your work

3.         How much does Jamonica and Christian pay in child care per month? _________

Show your work

4.         How much does Jamonica and Christian spend on food a month? ____________

Show your work

5.         What is their monthly expenses? _________________________________________________

6.         How much is Jamonica’s yearly expenses? _______________________________________

7.         How much money does Jamonica have left after her yearly expenses are paid? ______________________________

All homework must be signed by a parent___________________________
Comments ___________________________________________________