Question

The table below shows a portion of the planned budget

for the Jones family. Their monthly income is $6,000.
Budget Item
Amount
Retirement Savings
$700
Emergency Savings
$550
Housing Expenses
$1,500
Which of the following shows the percentage of income
used for housing expenses?

Answer 1

You subtract 6,000 by 700= 5,300 Then you subtract 550 by what you got which was 5,300 so the way you do it is now you subtract even more then 550 so 550 by 5,300=4,750 which you basically the answer is 20%

Explanation:

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Answer 2

The housing expense is $1,500/$6,000 = .25 or 25%