Answer :
To determine how much money can be saved without having a negative actual net income, let's examine the actual income and expenses and derive the net income.
### Step-by-Step Solution:
1. Calculate Actual Total Income:
The only source of income mentioned is wages.
- Actual Wages: \[tex]$675 So, the total actual income is: \[ \text{Total Income} = \$[/tex]675
\]
2. Calculate Actual Total Expenses:
The expenses mentioned are rent, utilities, food, and cell phone.
- Rent: \[tex]$300 - Utilities: \$[/tex]100
- Food: \[tex]$200 - Cell Phone: \$[/tex]75
So, the total actual expenses can be calculated as:
[tex]\[ \text{Total Expenses} = \$300 + \$100 + \$200 + \$75 = \$675 \][/tex]
3. Calculate Actual Net Income:
Net income is calculated by subtracting total expenses from total income.
[tex]\[ \text{Net Income} = \text{Total Income} - \text{Total Expenses} = \$675 - \$675 = \$0 \][/tex]
4. Determine Maximum Savings:
Since the net income is \[tex]$0, there is no extra money left to save without resulting in a negative actual net income. Therefore, the maximum savings without having a negative net income is: \[ \text{Maximum Savings} = \$[/tex]0
\]
Given the steps above, the correct answer to how much money can be saved without having a negative actual net income is:
a. It is not possible to save any money this month without having a negative actual net income.
### Step-by-Step Solution:
1. Calculate Actual Total Income:
The only source of income mentioned is wages.
- Actual Wages: \[tex]$675 So, the total actual income is: \[ \text{Total Income} = \$[/tex]675
\]
2. Calculate Actual Total Expenses:
The expenses mentioned are rent, utilities, food, and cell phone.
- Rent: \[tex]$300 - Utilities: \$[/tex]100
- Food: \[tex]$200 - Cell Phone: \$[/tex]75
So, the total actual expenses can be calculated as:
[tex]\[ \text{Total Expenses} = \$300 + \$100 + \$200 + \$75 = \$675 \][/tex]
3. Calculate Actual Net Income:
Net income is calculated by subtracting total expenses from total income.
[tex]\[ \text{Net Income} = \text{Total Income} - \text{Total Expenses} = \$675 - \$675 = \$0 \][/tex]
4. Determine Maximum Savings:
Since the net income is \[tex]$0, there is no extra money left to save without resulting in a negative actual net income. Therefore, the maximum savings without having a negative net income is: \[ \text{Maximum Savings} = \$[/tex]0
\]
Given the steps above, the correct answer to how much money can be saved without having a negative actual net income is:
a. It is not possible to save any money this month without having a negative actual net income.
