Maddox wants to go back to college full-time. His current employer has agreed to reduce his hours from 40 hours to 25 hours while retaining his current rate of pay. Maddox has lived in his own apartment for 1 year and really likes his independence. Which of the following budgets below would fit his new situation? Monthly Budget Current Amount Income Wages $1760 Expenses - Rent Utilities Food Gym Membership Entertainment Savings Clothes Cell Phone Car Expenses $350 $100 $220 $45 $225 $200 $175 $100 $300 Net Income $45 Monthly Budget Modified Budget A Modified Budget B Modified Budget C Modified Budget D Income Wages $1100 $1600 $1600 $1100 Expenses - Rent Utilities Food Gym Membership Entertainment Savings Clothes Cell Phone Car Expenses $350 $100 $120 $0 $20 $50 $30 $100 $300 $350 $100 $120 $0 $20 $50 $30 $100 $300 $350 $100 $220 $45 $225 $200 $175 $100 $300 $350 $100 $220 $45 $220 $150 $130 $100 $300 Net Income $30 $530 -$115 -$515
Answer
A
Modified Budget A
B
Modified Budget B
C
Modified Budget C
D
Modified Budget D
Explanation
Maddox’s new monthly wages are $1,100: $1,760 × 25 ÷ 40. Modified Budget A uses that income and has total expenses of $1,070, leaving $30, so it fits his new situation with a small positive balance. Budget D also uses $1,100 income, but its expenses exceed that amount by $515.
AI-written and checked against the verified answer.

Question

Maddox wants to go back to college full-time. His current employer has agreed to reduce his hours from 40 hours to 25 hours while retaining his current rate of pay. Maddox has lived in his own apartment for 1 year and really likes his independence. Which of the following budgets below would fit his new situation? Monthly Budget Current Amount Income Wages $1760 Expenses - Rent Utilities Food Gym Membership Entertainment Savings Clothes Cell Phone Car Expenses $350 $100 $220 $45 $225 $200 $175 $100 $300 Net Income $45 Monthly Budget Modified Budget A Modified Budget B Modified Budget C Modified Budget D Income Wages $1100 $1600 $1600 $1100 Expenses - Rent Utilities Food Gym Membership Entertainment Savings Clothes Cell Phone Car Expenses $350 $100 $120 $0 $20 $50 $30 $100 $300 $350 $100 $120 $0 $20 $50 $30 $100 $300 $350 $100 $220 $45 $225 $200 $175 $100 $300 $350 $100 $220 $45 $220 $150 $130 $100 $300 Net Income $30 $530 -$115 -$515

Answer

A

Modified Budget A

B

Modified Budget B

C

Modified Budget C

D

Modified Budget D

Explanation

Maddox’s new monthly wages are $1,100: $1,760 × 25 ÷ 40. Modified Budget A uses that income and has total expenses of $1,070, leaving $30, so it fits his new situation with a small positive balance. Budget D also uses $1,100 income, but its expenses exceed that amount by $515.

AI-written and checked against the verified answer.

Revolt · Accepted Answer

Modified Budget A

Personal Budget

Explanation

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