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Annabel's Salary: Using Fractions to Find Remaining Amount

GMAT-D4KZ6V

Every month, Annabel pays $\cfrac{1}{8}$ of her salary in taxes. She spends $\cfrac{1}{3}$of the remainder on living expenses, and $\cfrac{1}{5}$ of the new remainder on watching movies. She saves the rest.

If her monthly salary is $\$12,000$, how much money does Annabel save each month?

A

$\$5,400$

B

$\$5,600$

C

$\$6,000$

D

$\$6,150$

E

$\$6,400$