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Housing costs are what percentage of monthly net income? Use the budget sheet to calculate. Round your answer to the nearest whole percent.

Housing costs are what percentage of monthly net income? Use the budget sheet to calculate-example-1

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net income is 1875
the expenses are listed in the table.
to find the percentage, divide the cost of the expense by the net income:

housing = 430 / 1875 = 0.229 = 22.9%
food = 300 / 1875 = 0.16 = 16%
utilities = 125 / 1875 = 0.066 = 6.6%
transportation = 320 / 1875 = 0.17 = 17%
savings = 500 / 1875 = 0.266 = 26.6 %
other = 200 / 1875 = 0.106 = 10.6%

round the percentages to whole numbers if needed
User Darush
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