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Jillian is a high school student who typically earns $275 every two weeks at her part-time job. She is responsible for paying her own cell phone bill, gas when she drives her mom’s car, and costs of going out with friends. She wants to set a low balance alert. What amount probably makes the most sense for Jillian?*1 point$5$50$500$5000

Question

Jillian is a high school student who typically earns 275everytwoweeksatherpart−timejob.Sheisresponsibleforpayingherowncellphonebill,gaswhenshedriveshermom’scar,andcostsofgoingoutwithfriends.Shewantstosetalowbalancealert.WhatamountprobablymakesthemostsenseforJillian?∗1point275 every two weeks at her part-time job. She is responsible for paying her own cell phone bill, gas when she drives her mom’s car, and costs of going out with friends. She wants to set a low balance alert. What amount probably makes the most sense for Jillian?*1 point55050500$5000

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Solution

To answer this question, we need to consider Jillian's income and expenses.

  1. Jillian earns 275everytwoweeks,whichmeanshermonthlyincomeis275 every two weeks, which means her monthly income is 550.

  2. Her expenses include her cell phone bill, gas for the car, and social activities. The exact amount of these expenses is not given, but as a high school student, it's unlikely that they would exceed her income.

  3. A low balance alert is meant to warn you before your account balance gets too low. The amount for this alert should be set based on how much money Jillian needs to keep in her account to cover her expenses until her next paycheck.

  4. Given the options of 5,5, 50, 500,and500, and 5000, $500 seems like the most reasonable choice. It's less than her monthly income, but likely more than her bi-weekly expenses. This would give her a buffer in case of unexpected costs, but also warn her in time to prevent her account from being overdrawn.

So, the most sensible amount for Jillian to set for a low balance alert is $500.

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