Question

Budget Component Allocation Amount

Food 32%
Shelter 13%
Education 15%
Household Operation 3%
Medical and Dental 4%
Utilities 12%
Clothing 5%
Recreation 2%
What percentage of the budget is allocated to Utilities?
a) 8%
b) 10%
c) 12%
d) 15%

Answer 1

The percentage of the budget allocated to Utilities is 12%.

Step-by-step explanation:

The percentage of the budget allocated to Utilities according to the student's question is 12%. This falls into the category of home expenses in personal finance. When creating a budget, it's important to allocate funds effectively to cover each category of spending. This question is a straightforward calculation and the answer can be found directly in the list provided: Food (32%), Shelter (13%), Education (15%), Household Operation (3%), Medical and Dental (4%), Utilities (12%), Clothing (5%), and Recreation (2%).