FWM 11

Mr. Storey

Test Review

Given April 7, 2016

Review Disposable Income & Budgeting

Name ________________
Period ___

DI = Disposable Income
Balance = DI = Net Monthly Income Monthly Expenses

Show all Your Work

1.

(Mr. Storey)

Calculate the disposable income (DI) for the following:

a) Noahs monthly pay is $3608.50 and his monthly expenses are $2045.00

b) Sarahs biweekly pay is $975.12 and her monthly expenses are $1778.50
(use the conversions 26 BiWk = 1 yr and 12 months = 1 yr )

c) Samanthas weekly pay is $275.00 and her monthly expenses are $1154.50.
(use the conversions 52 Wks = 1 yr and 12 months = 1 yr )

3. Janes monthly pay is $2500.00 She has a monthly budget of $2201.00

a) If she is 7% over budget this month, what is her disposable income?

b) If she is 12% under budget next month, what is her disposable income?

4. Daniels biweekly pay is $510.00. He has a monthly budget of $850.00.

a) What is his disposable income (balance)?

b) If he is 15% over budget next month, what is his disposable income?