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Jo is preparing an annual budget. She needs to work out how much money she will have
left over for a holiday at the end of the year based on her expenses.
Jo earns $3,850 per month. She has also secured a bonus that will equal 12% of her
annual wage and will be paid in December.
If Jo's misc. expenses rise by 1/3 and she starts paying for a phone that is $49 per
month, how much less will she have towards next years holiday if all other expenses
and her wage and bonus stay the same?

To calculate how much less Jo will have for her holiday, let's break down the expenses and income:

### Income:
1. **Monthly salary**: Jo earns $3,850 per month.
   - Annual salary: $ 3,850 \times 12 = 46,200 $ USD per year.
2. **Bonus**: She gets a bonus in December that equals 12% of her annual salary.
   - Bonus: $ 0.12 \times 46,200 = 5,544 $ USD.
3. **Total income for the year**: $ 46,200 + 5,544 = 51,744 $ USD.

### Expenses:
1. **Miscellaneous expenses**: Let's assume that the current monthly miscellaneous expenses are $ x $.
2. **Increase in miscellaneous expenses**: These will rise by $ \frac{1}{3} $, so new miscellaneous expenses will be $ x + \frac{1}{3}x = \frac{4}{3}x $.
3. **Phone bill**: Jo now has an additional expense of $49 per month for her phone.
   - Annual phone expense: $ 49 \times 12 = 588 $ USD per year.

### Impact on holiday savings:
- **Miscellaneous expense increase**: The difference caused by the $ \frac{1}{3} $ rise is $ \frac{1}{3}x $ per month. Annually, this increase is $ \frac{1}{3}x \times 12 = 4x $.
- **Total new expenses**: Additional expenses are from the phone bill and increased miscellaneous expenses.

Thus, Jo's total increase in expenses for the year is $ 588 + 4x $.

Now, to determine **how much less Jo will have for her holiday** next year, we subtract this total additional expense from her savings.

Would you like me to proceed with specific values for Jo's current miscellaneous expenses or provide any additional details?

Jo is preparing an annual budget. She needs to work out how much money she will have left over for a holiday at the end of the year based on her expenses. Jo earns $3,850 per month. She has also secured a bonus that will equal 12% of her annual wage and will be paid in December. If Jo's misc. expenses rise by 1/3 and she starts paying for a phone that is $49 per month, how much less will she have towards next years holiday if all other expenses and her wage and bonus stay the same?

Learn how to calculate Jo's annual budget and find out how much less she will have for a holiday next year after a rise in miscellaneous expenses and a new monthly phone bill. This detailed solution covers algebraic budgeting concepts and real-life financial planning.

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