Question

When Jonathan Alvarez changed jobs, his disposable annual income increased from $31,000 to $42,900. If there are four people in his family, according to the StandardizedFamily Budget Chart (suggested at 8%), how much did his clothing expenses increase?$978$952$941$933None of these choices are correct.

Answer 1

$952

Step-by-step explanation:

First, we need to calculate how much is 8% of 31,000, so:

`31000*8\text{ \% = 31000 x}(8)/(100)=2480`

It means that his clothing expenses were $2480

Then, 8% of 42,900 is equal to:

`42900*8\text{ \% = 42900}*(8)/(100)=3432`

So, if the annual income increased from $31,000 to $42,900, the clothing expenses increased from $2480 to $3432

Therefore, the difference between these values is:

$3432 - $2480 = $952

So, the answer is equal to $952