Question

Elsie is moving to iowa city iowa, with her three-year-old daughter. The table shows the results of a family budget estimator for iowa City for Elsie and her daughter."If Elsie earns $45,000 per year at her new job, can she stay on budget in lowa City? A. Yes, because she can easily afford $4020 per month.B. Yes, because she will not actually need all the items that the family budget estimator includes. C. No, because she will only make $3750 per month before taxes are taken out. D.No, because she will not be able to find housing as low as $853 per month?

Answer 1

In order to determine what is the correct statement, calculate the amount of money Elsie can spend per month, based on her earnings per year.

Divide 45,000 by 12:

45,000/12 = 3,750

You can notice that the amount of money Elsie can spend per month is lower than the total expenses shown in the table.

Hence, the correct statement is:

C. No, because she will only make $3750 per month before taxes are taken out.