Unfortunately, he has made a mistake in adding the numbers and has not allocated all of the paycheck. If he deposits the difference into the two emergency savings accounts, how much total per week can he then put towards emergency savings?
a. $40
b. $60
c. $74
d. $55

After calculating the total allocated amounts from the paycheck and identifying the unallocated funds, the student can now contribute a total of $74 per week to emergency savings. This total includes the previous amount saved plus the unallocated portion. The answer is option c. $74.
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Answered by Anonymous | 2025-07-04

Calculate the total amount allocated from the paycheck: 219 + 115 + 40 + 20 + 10 + 40 + 15 = 459 .
Find the difference between the total paycheck and the total amount allocated: 498 − 459 = 39 .
Calculate the current total weekly deposits into the emergency savings accounts: 20 + 15 = 35 .
Add the difference to the current total weekly deposits into emergency savings: 35 + 39 = 74 . The total amount per week that can be put towards emergency savings is $74 ​ .

Explanation

Calculate total allocated amount First, we need to calculate the total amount that was allocated from the paycheck. We add up all the weekly deposits:

Sum the deposits 219 + 115 + 40 + 20 + 10 + 40 + 15 = 459

Find the difference Next, we find the difference between the total paycheck and the total amount allocated:

Calculate the difference 498 − 459 = 39

Calculate current emergency savings Now, we calculate the current total weekly deposits into the emergency savings accounts:

Sum current emergency savings 20 + 15 = 35

Calculate new total emergency savings Finally, we add the difference calculated in step 4 to the current total weekly deposits into emergency savings accounts to find the new total:

Sum the difference to current savings 35 + 39 = 74

State the final answer Therefore, the total amount per week that can be put towards emergency savings after allocating the unallocated portion of the paycheck to the two emergency savings accounts is $74 .


Examples
Imagine you are managing your monthly budget and realize you have some unallocated funds. This problem demonstrates how to identify those unallocated funds and redistribute them to your savings, specifically your emergency fund. By carefully tracking your income and expenses, you can ensure that every dollar is accounted for and working towards your financial goals. This practice is crucial for building a strong financial foundation and preparing for unexpected expenses.

Answered by GinnyAnswer | 2025-07-04