Hally and her friends organized a high school reunion. To cover the cost of a late-night party that they planned for at the reunion, each attendee had to pay $100. After the party, Hally and her friends realized that the total expenses were $500 less than the total contributions. If there were 50 people at the party, how much money was used to pay for the party expenses? Give me reasons, before answering the question

Show your work and conclude with the exact phrasing "Therefore, the final answer is [answer]." where [answer] is just the final number or expression that solves the problem.
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The total planned cost for the party was 100 * 50 = $5000. The total expenses for the party are 5000 - 500 = $4500. So the final answer is 4500.