A shirt cost $97. Your mom and dad each gave you $50. Your change is $3. You give $1 to your mom and $1 to your dad, then you keep the last dollar. You owe each of them $49, then you you add your dollar. Where does the extra dollar go.

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To understand where the extra dollar goes, let's break down the given information step by step:

1. The shirt costs $97.
2. Your mom and dad each gave you $50, so now you have a total of $100 ($50 from your mom + $50 from your dad).
3. You pay $97 for the shirt, and you receive $3 in change, so now you have $3 + $100 = $103.
4. You give $1 to your mom and $1 to your dad, which means you have given away a total of $2 ($1 to your mom + $1 to your dad).
5. If you owe each of them $49, the total amount you owe is $49 + $49 = $98.
6. You still have $1 left, which makes the total amount you have now $98 + $1 = $99.

Now, it might seem like there is a discrepancy because the total amount you have ($99) doesn't match the total amount you owe ($98). However, this is a fallacy in the way the question is framed. The extra dollar you mentioned doesn't actually "go" anywhere. It's just a way to create confusion. If we add up the amounts spent and the amounts remaining, they should always balance.

Let's review the amounts:

Expenses:
- Shirt cost: $97
- Money given to your mom: $1
- Money given to your dad: $1

Remaining Amount:
- Money in your possession: $1

Now, let's add up the expenses and the remaining amount:
$97 (shirt cost) + $1 (money given to mom) + $1 (money given to dad) + $1 (remaining money) = $100.

So, the total amount of money is $100, which is the sum of the expenses and the remaining money. There is no "extra" dollar that disappears or goes anywhere. The confusion arises from the misleading way the question is presented.