Joe works full time as a carpenter and brings home $3,000 per month. He owes a total of $1,500 in fixed expenses every month, which includes items such as rent and insurance. If Joe had $1,000 in variable expenses such as groceries and entertainment, what would be his ending balance?

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Sidney Arnold

18 November, 16:20

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Harold Meza · Answer 1

His ending balance would be $500. If you subtract $3,000 from $1,000 you get $2,000 ... then when you subtract $2,000 from $1,500 you get $500!