July 26th, 2019

All Levels: Solve each problem to the best of your ability. YOU MUST SHOW YOUR WORK!

Okonkwo dreams of working at a job that pays him $2,109.00 per month. His expenses for the month would be:

rent - $1200.00                    personal care - $80.00                   phone - $100.00                  gym - $40.00

utilities - $85.00                   MetroCard – $129.00                     groceries - $250.00             cable-$75.00

Level 1: How much does Okonkwo spend on fixed expenses?  How much is left for variable expenses?

SHOW YOUR WORK: 1200 + 129 + 40 =  ________ - _________ =

Level 2/3: How much does Okonkwo spend on fixed expenses?  How much is left for variable expenses?

SHOW YOUR WORK:

July 25th, 2019

Level 1: Answer the following questions to the best of your ability.

1. Obierika income is $1,980.72 per month. His fixed expenses for the month are $1,518.44. How much money does Obierika have left for variable expenses?

SUBTRACT THE FOLLOWING QUANTITIES & CIRCLE THE CORRECT ANSWER:         $1,980.72         - 1,518.44                                   a). $462.26                    b). $460.75                     c). $462.28

2. Nwoye income is $954.54 per week. His fixed expenses per week are $590.00. How much money does Nwoye spend on fixed expenses per month?

ADD THE FOLLOWING QUANTITIES & CIRCLE THE CORRECT ANSWER:            $954.54           +   39.24                                 a). $994.26                    b). $993.78                     c). $992.78

3. Enzinma’s income is $980.72 per month. Her fixed expenses per month are $529.52.  Hier variable expenses are $336.04 per month. How much money does Enzinma have left to save for the month?

ADD THE FOLLOWING EXPENSES: $529.52 + 336.04

SUBTRACT EXPENSES FROM INCOME: $980.72   -_______

Level 2/3: Answer the following questions to the best of your ability.

1. Obierika’s income is $1,980.72 per month. His fixed expenses for the month are $1,518.44. How much money does Obierika have left for variable expenses?

SHOW YOUR WORK:

2. Nwoye’s income is $254.54 per week. His fixed expenses per month are $590.00. How much money does Nwoye have left for variable expenses?

SHOW YOUR WORK:

3. Ezinma’s income is $980.72 per week. Her fixed expenses per month are $529.52.  Her variable expenses are $336.04 per month. How much money does Ezinma have left to save for the month?

SHOW YOUR WORK: