nancys net annual income is $63,000. lets make her a budget! these budget percentages are based on the net…

nancys net annual income is $63,000. lets make her a budget! these budget percentages are based on the net monthly income. calculate the numbers in the chart below:\n\n|annual income|variable monthly expenses|\n|--|--|\n|what is your dream job title: (your answer here)|how much should nancy spend on her monthly food expenses?|$\n|how much is your dream job annual income|$|nancy spends this on entertainment and other bills, such as internet, insurance, school tuition, etc.|$1000|\n|nancys monthly income|fixed monthly expenses|\n|nancys total net monthly income 63,000 / 12 months = $|how much can nancy spend on her monthly rent?|$\n|how much should she set aside for savings each month? 63,000 x 10% / 12 months = $|how much should she spend on her monthly transportation expenses? (round to the nearest dollar.)|$|

nancys net annual income is $63,000. lets make her a budget! these budget percentages are based on the net monthly income. calculate the numbers in the chart below:\n\n|annual income|variable monthly expenses|\n|--|--|\n|what is your dream job title: (your answer here)|how much should nancy spend on her monthly food expenses?|$\n|how much is your dream job annual income|$|nancy spends this on entertainment and other bills, such as internet, insurance, school tuition, etc.|$1000|\n|nancys monthly income|fixed monthly expenses|\n|nancys total net monthly income 63,000 / 12 months = $|how much can nancy spend on her monthly rent?|$\n|how much should she set aside for savings each month? 63,000 x 10% / 12 months = $|how much should she spend on her monthly transportation expenses? (round to the nearest dollar.)|$|

Answer

Explanation:

Step1: Calculate monthly income

$63000\div12 = 5250$

Step2: Calculate monthly savings

$63000\times10%\div12=6300\div12 = 525$

Assuming no information about food - expense percentage, rent - expense percentage and transportation - expense percentage is given, we can't calculate those values precisely. But we have calculated the monthly income and monthly savings.

Answer:

Nancy's monthly income: $5250$ Nancy's monthly savings: $525$