1. Carl is a student at a college. He has a part-time job with take-home pay of $525 every two weeks. He has received a scholarship of $4100 this year. a) Use the data provided to design a monthly budget for Carl. Show your calculations for his income and expenses. Identify each expense as fixed or variable. Expense Tuition $3700/year Rent and utilities $650/month Food Amount Monthly Fixed or Variable Income Amount Monthly Part-Time Job $525 biweekly Scholarship $4100/year $70/week Cell phone $40/month Clothing $90 biweekly Miscellaneous $140 biweekly Is Carl earning enough to cover his expenses? If not, suggest how he could balance the b) budget.

1. Carl is a student at a college. He has a part-time job with take-home pay of $525 every two weeks. He has received a scholarship of $4100 this year. a) Use the data provided to design a monthly budget for Carl. Show your calculations for his income and expenses. Identify each expense as fixed or variable. Expense Tuition $3700/year Rent and utilities $650/month Food Amount Monthly Fixed or Variable Income Amount Monthly Part-Time Job $525 biweekly Scholarship $4100/year $70/week Cell phone $40/month Clothing $90 biweekly Miscellaneous $140 biweekly Is Carl earning enough to cover his expenses? If not, suggest how he could balance the b) budget.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter1: Equations, Inequalities, And Mathematical Modeling

Section1.3: Modeling With Linear Equations

Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...

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