1. Mr. Jacobs wants to make a budget for last year's figures. He made $45,000 last year after taxes. His average monthly expenditures are as follows: $1500 rent for the house, $375.41 for Groceries, $24.87
on Movies, $35.29 for his Land Line Phone. For his utilities he's been paying $110.34 in Electricity,
$60.00 for Cable, $52.46 for Natural Gas. Mr. Jacobs pays $145.63 a month on is car to the bank and also
pays another $156.78 in car insurance. For his other insurance he pays: $160.00 for Home, $363.57 for
Health, and $210.00 for Life. Mr. Jacobs likes to work out and pays $75.00 a month for his gym
membership. He also enjoys the local ballet troupe to which he is in regular attendance which costs him
$125.47 a month. His home requires repairs quite often and Mr. Jacobs has set aside $75 a month for
these repairs. Mr. Jacobs spends about $140 in gas for his car and about $100 a month eating at
restaurants.
a. What percent of his budget does Mr. Jacobs spend on food a month?
b. How much total money does Mr. Jacobs spend in Insurance a month?
How much is Mr. Jacobs over or under budget?
C.