Hector's monthly budget is shown in the table. Which statement is correct about his personal budget?

\begin{tabular}{|c|c|}
\hline
\multicolumn{2}{|c|}{Monthly Budget} \\
\hline
Category & \begin{tabular}{l}
Budgeted Amount (\$)
\end{tabular} \\
\hline
Income & 2165 \\
\hline
\multicolumn{2}{|l|}{Fixed Expenses} \\
\hline
Rent & 690 \\
\hline
Car & 230 \\
\hline
\multicolumn{2}{|c|}{Variable Expenses} \\
\hline
Utilities & 210 \\
\hline
Food & 195 \\
\hline
Other & 370 \\
\hline
Savings & 220 \\
\hline
\end{tabular}



Answer :

To determine which statement is correct about Hector's personal budget, let's go through his budget step-by-step:

1. Calculate Total Fixed Expenses:
- Rent: [tex]$690 - Car: $[/tex]230
- Total Fixed Expenses = Rent + Car = [tex]$690 + $[/tex]230 = [tex]$920 2. Calculate Total Variable Expenses: - Utilities: $[/tex]210
- Food: [tex]$195 - Other: $[/tex]370
- Total Variable Expenses = Utilities + Food + Other = [tex]$210 + $[/tex]195 + [tex]$370 = $[/tex]775

3. Calculate Total Expenses:
- Total Fixed Expenses: [tex]$920 - Total Variable Expenses: $[/tex]775
- Savings: [tex]$220 - Total Expenses = Total Fixed Expenses + Total Variable Expenses + Savings - Total Expenses = $[/tex]920 + [tex]$775 + $[/tex]220 = [tex]$1915 4. Calculate Remaining Amount after Budgeted Expenses: - Income: $[/tex]2165
- Total Expenses: [tex]$1915 - Remaining Amount = Income - Total Expenses - Remaining Amount = $[/tex]2165 - [tex]$1915 = $[/tex]250

Based on these calculations, the correct statement about Hector's personal budget is that after accounting for all his fixed expenses, variable expenses, and savings, Hector will have [tex]$250 remaining from his income of $[/tex]2165.