1. Which is the best possible relationship between your income and expenses?

A.income < expenses

B.income = expenses

C.income ≤ expenses

D. > expenses

2. Last week, Jackie put $6.00 into savings and spent $4.50 for a riding competition. She gave $2.50 to charity. Jackie’s financial record for the week shows +$3.52 difference between her income and expenses. What was Jackie’s income for the week?

3.Last week, Jeremy earned $15.50 from his paper route and $4.75 by selling a trading card. He received a $5.00 allowance. His expenses last week totaled $24.50. What was the relationship between his income and expenses?

A.income < expenses

B.income > expenses

C.income ≤ expenses

D.income = expenses

3. Marley’s financial record for 4 weeks showed a total difference of –$2.65 for his income and expenses. What does this difference mean?

Choose exactly two answers that are correct.

A.Marley spent more than he earned.

B.Marley earned more than he spent.

C.Marley needs to be more careful with his expenses.

D.Marley should continue his current spending patterns.

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wegnerkolmp2741o wegnerkolmp2741o · Answer 1 · 2019-03-04T01:49:38+01:00

Answer:

1. D.income > expenses

2.The income is 16.52

3. The income is .75 greater than expenses

B.income > expenses

4.A.Marley spent more than he earned.

C.Marley needs to be more careful with his expenses.

Step-by-step explanation:

1. We always want our income to be greater than our expenses. That means we will be saving money.

2. Subtract 6 from income. Subtract 4.50 as expenses. Subtract 2.50 as an expense. Let x be the income. The difference is 3.52

x-6 - 4.50 -2.50 = 3.52

Combine like terms

x -13=3.52

Add 13 to each side

x-13+13 = 3.52+13

x = 16.52

The income is 16.52

3.

Income is 15.50 and 4.75+5 = 25.25

Expenses are 24.50

The difference is income minus expenses

25.25-24.50 =.75

B.income > expenses

4. A negative statement means income was less than expenses. He spent more than he earned. You should never spend more than you earn.

A.Marley spent more than he earned.

C.Marley needs to be more careful with his expenses.