3. Franklin earns $2456.85 each month. He expects the following expenses this month.
Mortgage payment: $1250.46
Insurance : $135.76
Groceries: $250.00
Utilities: $245.00
Entertainment: $50.00
Miscellaneous: $100.00
Transportation: $250.00
If he saves the rest, how much can he save in a year? What percentage of his income does this represent?