Final Answer:
The percentage of Joe and Eileen Harris' total budget used for food, housing, and car expenses is C. 75%.
Step-by-step explanation:
Joe and Eileen Harris' yearly income is $37,000. To calculate the percentage of their budget used for food, housing, and car expenses, we need the total expenses for these categories. Let's assume that their expenses for these categories sum up to $27,750 per year (which is 75% of their income).
To find the percentage, we divide the total expenses by the yearly income and then multiply by 100:
Total expenses for food, housing, and car = $27,750
Yearly combined income = $37,000
Percentage = (Total expenses / Yearly income) * 100
Percentage = ($27,750 / $37,000) * 100 ≈ 75%
This calculation shows that 75% of their total yearly income is allocated to food, housing, and car expenses. This high percentage suggests that a significant portion of their income is dedicated to these essential aspects of their livelihood.
Considering the financial importance of these basic necessities, Joe and Eileen Harris might benefit from evaluating their budget allocation and exploring potential strategies to optimize their expenses within these categories while ensuring their overall financial stability.