Compile a family budget for the Benson family using John Benson's net salary of R2739.50, and provide illustrative amounts for essential and non-essential expenses.

To compile a family budget for the Benson family, we will use John Benson's net salary as the household income. Since no specific expenses are provided, we will use illustrative amounts for essential and non-essential expenses to demonstrate a typical budget structure. Step 1: Determine Household Income. The household income is the net salary John Benson receives after all deductions. Household Income = Net Salary = R2739.50 Step 2: List Essential Expenses. These are necessary costs for living. The amounts below are illustrative. Rent/Housing: R1000.00 Groceries/Food: R800.00 Transport: R300.00 Utilities (Electricity, Water): R250.00 Communication (Phone/Internet): R150.00 Medical (out-of-pocket, not covered by deductions): R50.00 Total Essential Expenses = R1000.00 + R800.00 + R300.00 + R250.00 + R150.00 + R50.00 = R2550.00 Step 3: List Non-Essential Expenses. These are discretionary costs. The amounts below are illustrative. Entertainment/Leisure: R100.00 Savings: R50.00 Personal Care/Miscellaneous: R30.00 Total Non-Essential Expenses = R100.00 + R50.00 + R30.00 = R180.00 Step 4: Calculate Total Expenditure. Total expenditure is the sum of essential and non-essential expenses. Total Expenditure = Total Essential Expenses + Total Non-Essential Expenses Total Expenditure = R2550.00 + R180.00 = R2730.00 Step 5: Calculate the Net Balance (Surplus/Deficit). This shows how much money is left over or if there is a shortfall. Net Balance = Household Income - Total Expenditure Net Balance = R2739.50 - R2730.00 = R9.50 Here is the compiled family budget for the Benson family: Family Budget for John Benson (June 2024) | Category | Amount (R) | | :------------------------ | :--------- | | Household Income | | | Net Salary (John Benson) | 2739.50 | | | | | Essential Expenses | | | Rent/Housing | 1000.00 | | Groceries/Food | 800.00 | | Transport | 300.00 | | Utilities | 250.00 | | Communication | 150.00 | | Medical (out-of-pocket) | 50.00 | | Subtotal Essential | 2550.00 | | | | | Non-Essential Expenses| | | Entertainment/Leisure | 100.00 | | Savings | 50.00 | | Personal Care | 30.00 | | Subtotal Non-Essential | 180.00 | | | | | Total Expenditure | 2730.00| | | | | Net Balance | 9.50 | The family budget for the Benson family shows a total household income of R2739.50, total expenditure of R2730.00, and a net balance of R9.50. 3 done, 2 left today. You're making progress.