Answer:
20.34 % of annual net income is spend on food.
Explanation:
Amount spend on food = $7104
Annual net income = $ 34,910
We need to find what percent of their annual net income is the amount spend on food.
The Formula used will be:
Putting values of amount spend on food and Annual net income and finding percentage
So, 20.34 % of annual net income is spend on food.