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Analyze the provided monthly budget for the Welden family and calculate the total income, total expenses, and total amount left over.
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Step-by-step solution
5 stepshere's the verification of the Weldon's Family Monthly Budget calculations:
Calculate Total Income
Add Mr Welden's income, Mrs Welden's income, and the tuck shop profit.
The "Total Income" in the table is R12 600, which is ✅ Correct.
Calculate Total Fixed Expenses
Sum all the fixed expenses listed.
Calculate Total Variable Expenses
Sum all the variable expenses listed.
Calculate Total Expenses
Add the total fixed expenses and total variable expenses.
The "Total Expenses" in the table is R12 439, which is ❌ Incorrect. The correct total expenses should be R11 749.
Calculate Total Left Over
Subtract the total expenses from the total income.
The "Total left over" in the table is R161, which is ❌ Incorrect based on the correct total expenses.
The correct calculations are:
- Total Income:
- Total Expenses:
- Total left over:
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