Question

George budgets $900 each month for fixed expenses. He nets $1720 semimonthly. What percent of his net monthly income does he budget for fixed expenses?

(Please help I'm VERY lost)


A. 52%
B. 26%
C. 30%
D. 25%

Answer 1

B. 26%

Let say a month=30days

✓if ½ a month is 15 days

Then 30 days = 2(1720)

= $3440.00

% = (900÷3400)x100 =26%