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What is income available for savings and investment

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Reference no: EM132841494

Your net paycheck after taxes is $5,000 per month. You have the following bills to pay:

1. Your monthly credit card bill of $250
2. Your monthly Con Ed bill of $125
3. Your quarterly insurance bill is $300
4. Your monthly rent is $1000

Problem 1: What is your income available for savings and investment?

a. $3,325

b. $3,525

c .$5,000

d. $1,675

Reference no: EM132841494

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