Respuesta :
Total monthly saving = $1,315
What are savings?
Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately.
Given:
Oakland Los Angeles
Cost Housing $565 $1200
Food $545 $655
Health Care $245 $495
Taxes $450 $625
Other Necessities $350 $495
Now,
Saving in house
= $1200 - $565
= $635
Saving in food
= $655 - $545
= $110
Saving in health care
= $495 - $245
= $250
Saving in taxes
= $625 - $450
= $175
Saving in necessities
= $495 - $350
= $145
Total saving = $635+$110+$250+$175+$145
= $1,315
Hence, the monthly savings should be $1,315.
Learn more about this concept here:
https://brainly.com/question/13096261
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The complete question is
Benito's family is thinking of relocating from Los Angeles to Oakland to save money. They set up a budget comparing the cost of living for both cities. Oakland Los Angeles Budget Item Cost Cost Housing $565 $1200 Food $545 $655 Health Care $245 $495 Taxes $450 $625 Other Necessities $350 $495 Monthly Total How much money will they save monthly by the move to Oakland? $1315 $1560 $1665 $1765?
