Question

50 POINTS!!!

Look at Samantha's budget below. Find the percentages associated with each category of her budget:
Monthly net income: $4,500
Expenses: Housing: $900.00
Transportation: $650.00
Utilities: $120.00
Food: $475.00
Savings: $1,600.00
Student Loan Payment: $270.00
Other Expenses: $485.00

This question is very urgent! I am on my last Unit Test for this Semester! Please get it right! Good luck!

Answer 1

housing: 900/4500 = 0.2 = 20%

transportation: 650 / 4500 = 0.14 = 14%

utilities: 120/4500 = 0.026 = 2.6% ( round to 3% maybe)

food: 475/4500 = 0.105 = 10.5% (round to 11% maybe)

savings: 1600 / 4500 = 0.355 = 35.5% (round to 36% maybe)

Student Loan: 270 / 4500 = 0.06 = 6%

Other expenses: 485 / 4500 = 0.107 = 10.7% (round to 11% maybe)

You didn't say if they needed to be rounded so I gave you the options on the ones that may need it.