calculating the rest of your expenses\nnow subtract the rest of your monthly expenses.\nyou allow for 5% of…

calculating the rest of your expenses\nnow subtract the rest of your monthly expenses.\nyou allow for 5% of your net pay of $2,989.12 to be budgeted for medical expenses. this would be\nyour monthly expenses\nforwarded subtotal $629.75\nutilities $225\nmedical expenses $?\nemergency fund $50\nentertainment $100\nfinal total $?

calculating the rest of your expenses\nnow subtract the rest of your monthly expenses.\nyou allow for 5% of your net pay of $2,989.12 to be budgeted for medical expenses. this would be\nyour monthly expenses\nforwarded subtotal $629.75\nutilities $225\nmedical expenses $?\nemergency fund $50\nentertainment $100\nfinal total $?

Answer

Explanation:

Step1: Calculate medical expenses

Medical expenses = 5% of net - pay. Net - pay is $2,989.12. So, medical expenses = $2989.12\times0.05$. $2989.12\times0.05 = 149.456\approx149.46$

Step2: Calculate final total

Add all expenses: Forwarded subtotal ($629.75$) + Utilities ($225$) + Medical expenses ($149.46$) + Emergency fund ($50$) + Entertainment ($100$). $629.75+225 + 149.46+50+100=1154.21$

Answer:

Medical expenses: $149.46$, Final total: $1154.21$