Question

The Gordon family has a disposable annual income of $44,350. They spend 19% of their disposable income for food. How much do they spend weekly for food (Note: There

are 52 weeks in a year)?
$149.43
$158.77
$162.05
$165.23
None of these choices are correct.

Answer 1

$162.05

Explanation:

Calculation to determine How much do they spend weekly for food

Using this formula

Amount spent weekly=(Annual Disposable income*Disposable income percentage)/Numbers of weeks in a year

Let plug in the formula

Amount spent weekly=($44,350*19%)/52 weeks

Amount spent weekly=$8,426.5/52 weeks

Amount spent weekly=$162.048

Amount spent weekly=$162.05 (Approximately)

Therefore the amount they spent weekly for food is $162.05