Analyze the following budget, with an income of [tex]$750, to determine how much can be spent on food for the month.

| Category | Budgeted Amount |
|---------------------|-----------------|
| Personal/Home | $[/tex]520 |
| Cell Phone | [tex]$75 |
| Entertainment | $[/tex]60 |
| Car Expenses (Gas, Insurance) | [tex]$260 |
| College Savings | $[/tex]250 |

a. No more than [tex]$70 can be spent on food.
b. No more than $[/tex]75 can be spent on food.
c. No more than [tex]$80 can be spent on food.
d. No more than $[/tex]60 can be spent on food.



Answer :

To determine how much can be spent on food for the month, let's analyze the given expenses and income step-by-step.

1. Given Data:
- Income: \[tex]$750 - Personal/Home expenses: \$[/tex]520
- Cell Phone: \[tex]$75 - Entertainment/Informers: \$[/tex]50
- Car Expenses (Gas, Insurance): \[tex]$260 - College Savings: \$[/tex]250

2. Calculate the total other expenses:
We need to add up all the given expenses to find the total amount spent on these categories:

[tex]\[ \text{Total Other Expenses} = \text{Personal/Home} + \text{Cell Phone} + \text{Entertainment/Informers} + \text{Car Expenses} + \text{College Savings} \][/tex]

Plugging in the given numbers:

[tex]\[ \text{Total Other Expenses} = 520 + 75 + 50 + 260 + 250 = 1155 \][/tex]

3. Subtract the total other expenses from the income to determine the available amount for food:
[tex]\[ \text{Remaining Income} = \text{Income} - \text{Total Other Expenses} \][/tex]

Substituting the values:

[tex]\[ \text{Remaining Income} = 750 - 1155 = -405 \][/tex]

4. Analyze the remaining income:
The remaining income is -405. This indicates that after accounting for all other expenses, there is a deficit of \[tex]$405, meaning the income is not sufficient to cover all listed expenses, let alone leaving an amount for food. 5. Evaluate the provided choices: Now, we need to select the correct option based on our calculations. The choices are: - No more than \$[/tex]70 can be spent on food.
- No more than \[tex]$75 can be spent on food. - No more than \$[/tex]380 can be spent on food.
- No more than \[tex]$500 can be spent on food. Since the remaining income is -405, it is clear that the budget does not accommodate any amount for food expenses. Therefore, none of the choices (\$[/tex]70, \[tex]$75, \$[/tex]380, \$500) can be correct as they all assume some positive remaining amount for food.

Hence, the correct conclusion is that there is a shortfall in the budget, and no additional amount can be allocated for food.