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The following equation represents Madison's disposable income after expenditures:
[tex]\[ \text{Money Leftover} = a - b - c \][/tex]
where
[tex]\[ \text{Income} = a, \][/tex]
[tex]\[ \text{Needs} = b, \][/tex]
and
[tex]\[ \text{Wants} = c. \][/tex]

Her income is [tex]\(\$ 2700\)[/tex] per month. She spends [tex]\(\$ 1150\)[/tex] on rent, car insurance, food, electricity, and phone payments. In addition, she spends [tex]\(\$ 680\)[/tex] on concert tickets.

What amount represents her wants?

A. [tex]\(\$ 2700\)[/tex]

B. [tex]\(\$ 1150\)[/tex]

C. [tex]\(\$ 870\)[/tex]

D. [tex]\(\$ 680\)[/tex]



Answer :

GinnyAnswer
To determine the amount that represents Madison's wants, let's review the provided information:

1. Madison's monthly income is [tex]$2700. This is her total income for the month. 2. Madison spends $[/tex]1150 on her needs. These are the essential expenses like rent, car insurance, food, electricity, and phone payments.
3. In addition, Madison spends [tex]$680 on wants. These are non-essential expenses, such as concert tickets. In the context of the given options, what we're interested in identifying is the amount that Madison allocates to her wants. So, let’s analyze the options: - \$[/tex]2700 reflects her total income.
- \[tex]$1150 reflects the amount she spends on necessary expenses or needs. - \$[/tex]870 is the leftover amount after accounting for needs and wants from the total income.
- This is calculated as [tex]\( \$2700 - \$1150 - \$680 = \$870 \)[/tex].
- \[tex]$680 is the amount Madison spends on her wants, such as concert tickets. Therefore, the correct choice that represents the amount Madison spends on her wants is: \[\boxed{\$[/tex]680}\]

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