Question

Calculate the income needed based on the following budgeted expenses. month _______ budgeted amount rent 400 utilities150 food 175 entertainment125 cell phone 75 car expenses - gas, insurance200. The income would need to be at least _______.

1) 925
2) 950
3) 1125
4) 1050

Answer 1

To find the required income to cover the budgeted expenses, we add up all expenses, which total $1125. Thus, the income needed is at least $1125.

Step-by-step explanation:

To calculate the income needed based on the budgeted expenses, we simply need to add up all the expenses listed. Here is the calculation:

• Rent: $400
• Utilities: $150
• Food: $175
• Entertainment: $125
• Cell Phone: $75
• Car Expenses (gas, insurance): $200

Adding all of these expenses together gives us:

$400 + $150 + $175 + $125 + $75 + $200 = $1125

Therefore, the income would need to be at least $1125 to cover these budgeted expenses.