Do the Math for Britney Spears
(The following appeared in the Telegraph-Journal on November 5th, 2007)
Pop princess Britney Spears is a big spender. Court papers released Thursday in Britney Spears’ child custody dispute with Kevin Federline show she spends lavishly on clothes and entertainment and doesn’t save or invest any of her roughly $737 000 monthly income.
Spears’ monthly expenses include $49 267 in mortgage payments for two houses, $16 000 for clothes and $102 000 on entertainment, gifts and vacation, her financial declaration shows.
Although she is often photographed eating fast food, Spears declares she spends about $4 758 per month dining out. Meanwhile she spends zero on education, savings and investments and gives $500 a month in charitable contributions, the documents said.
She has to pay her ex-husband $15 000 a month child support and
$20 000 in spousal support. Spousal support will end on Nov. 15th.
As for Federline, his biggest monthly expenses include $7 500 in rent and $6 000 for security.
Task
Create at least 4 multi-step problems involving the data given about Ms Spears.