Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 15

BUDGETING The owner of Omni Web Designs decides to save in order to purchase the small building he currently rents. Currently, after tax income averages $6800 per month. The owner budgets the following: 35% for rent, 17% for utilities and insurance, and 40% for salaries and supplies, with the remainder to savings. Find the annual savings. ________________