If wanda's monthly take-home pay is $3,000, her fixed monthly expenses are $2,575, and her average monthly variable expenses are $855, what is her financial situation?.

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19-12-2022
Mathematics

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If wanda's monthly take-home pay is $3,000, her fixed monthly expenses are $2,575, and her average monthly variable expenses are $855, what is her financial situation?.

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-12-22T04:18:02-05:00

Financial situation of Wanda when her monthly take-home pay is $3,000, her fixed monthly expenses are $2,575, and her average monthly variable expenses are $855 is that she is in debt.

Average total monthly expense of Wanda is the sum of fixed monthly expense and average monthly variable expense that is

Average total monthly expense = $2,575 + $855

= $3,430

Wanda has only income of $3,000 per month which is less than her total monthly expense. So she is in a debt situation with no savings or investments.

The term "financial situation" refers to a person's income, savings, investments, and debt.

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