Ted and Katie have saved up a total of $94.00. Ted has saved 6 dollars less than 4 times as much as Katie. How much has Katie saved?

Let x be the amount of money Katie has saved.

Ted:4x-6
Total:x+4x-6=94
5x-6=94
5x=100
x=<<20=20>>20
Katie has saved $<<20=20>>20. Answer: \boxed{20}.