Question Rick works 40 hrs/wk and earns $22.50/hr af

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Question Rick works 40 hrs/wk and earns $22.50/hr after all deductions He… ? Rick works 40 hrs/wk and earns $22.50/hr after all deductions? He has been lucky enough to be able to purchase a condo with a large down payment,leaving him monthly payments of $1,716 that he thinks he can manage? Rick needs your help in determining if his budget works with his incomeHe shares this information:Food: Weekly groceries 0Transportation: Rick does not own a car. He takes public transportation everywhere (he also has a bike). He figures his monthly costs are about $123Utilities: After doing his research, he figures gas = $85/mth, hydro = $75/mth, internet = $105/mthCondo fees and property taxes: $7450/yrEntertainment and recreation: $150/mthClothing: $25/wkCharity: $25//wkPersonal, medical and dental: $130/mthInsurance (life and condo): $185/mthSavings: He’d like to save $200 every mthMiscellaneous: He figures any unexpected expenses will be $200/mthUse this information to determine if Rick can continue to afford to live the lifestyle he is living. Design a budget outlining Rick’s income and expenses and the percentage of his budget the expenses take up. Use the information to come up with a balance, either positive or negative, and explain what that balance means.Suggest some alterations to Rick’s spending habits that can help him to either be able to save a little more each month to live more comfortably (if he can afford his lifestyle), or that will lead to him being able to afford his condo (if he cannot).Math Applied Mathematics MATH MAP4C

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