question archive Amy has gone through her statements for the year and created this chart to summarize her expenses

Amy has gone through her statements for the year and created this chart to summarize her expenses

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Amy has gone through her statements for the year and created this chart to summarize her expenses. 

Amy's Annual Expenditures

Rent

 $                        8,580.00 

Utilities 

 $                        3,480.00 

Internet & Phone 

 $                        1,896.00 

Entertainment  

 $                        2,232.00 

Student Loan Payment 

 $                        4,116.00 

Home & Auto Insurance 

 $                        1,164.00 

Food 

 $                        6,000.00 

Car Payment & Gas

 $                        2,820.00 

Travel

 $                        1,200.00 

Savings

 $                        1,200.00 

Personal Expenses 

 $                        1,847.00 

Pet Expenses 

 $                            965.00 

Business Expenses  

 $                        4,800.00 

 

Q1. Amy's day job is as a secretary at a law firm. After taxes and health insurance, she nets $1550 biweekly. How much does Amy net in a year from her day job?  

 

 

Q2. Based on her net income and annual expenditures summary, by how much did Amy over or under spend this year?  

 

 

 

 

Q3. If she wanted to present her expenditures in something other than a table, which format would you recommend she use and why?  

 

 

 

 

Q4. If Amy takes this year's savings and deposits it into an 18-month Certificate of Deposit account earning 1.25% APY with monthly-paid interest, how much interest will she earn?  

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