Question

Myrna budgets 22% of her annual income for housing. If she budgets$400 per month for housing, what is her annual income?a. $43,636b. $4,800c. $1,818d. $21,818

Answer 1

Given the word problem, we can deduce the following information:

1. Myrna budgets 22% of her annual income for housing.

2. She budgets $400 per month for housing.

To determine Myrna's annual income, we find her annual budget for housing first as shown below:

Annual Budget for Housing = $400 per month( 12 months) = $4,800

Since Myrna budgets 22% of her annual income for housing, our equation for her annual income would be:

`4800=.22x`

So,

`\begin{gathered} 4800=.22x \\ \text{Simplify and rearrange} \\ (4800)/(.22)=x \\ x=21,818.18 \end{gathered}`

Therefore, the answer is:

d. $21,818