Question

1: What is Abby's total spent on transportation?

2: How much should she spend on transportation, based on the Spending Guideline of 11%?

3: How much is her spending over or under the Guideline?

Answer 1

1. Abby's total spent on transportation is $222.2

2. The amount Abby should spend on transportation based on the Spending Guideline of 11% is $192.5.

3. Abby's spending is over the guideline by $29.7

What is Abby's total spent on transportation?

1.

Total spent on transportation = Total monthly car payment + amount spent on gas

Total spent on transportation = 120 + 37.9 + 28.4 + 35.9

= $222.2

2.

The amount Abby should spend on transportation = 11% of her income

= 11/100 × 1750

= $192.5

3.

Difference between her spending = Total spent on transportation - The amount Abby should spend on transportation

= $222.2 - $192.5

= $29.7

Answer 2

1. Total spent on transportation $222.2.

2. $ 192.5

3. She spends $30 over the guideline.

Explanation:

As per the image attached:

Total monthly spent on transportation = Total monthly car payment + Spent on gas fuel

Total monthly spent on transportation = 120 + 37.9 + 28.4 + 35.9 = $222.2

So, Answer 1. Abby's total spent on transportation = $222.2

Calculating the percentage:

`\Rightarrow \frac{\text{Spent on transportation}}{\text{Total monthly income}}`

`\Rightarrow (222.2)/(1750)* 100 =12.69\%`

Calculating 11% as per the guideline:

`1750 * (11)/(100)\\\Rightarrow \$192.5`

Answer 2. As per the guideline, she should spend $192.5 on transportation.

Difference between spending and guideline = $222.2 - $192.5 = $29.7

Answer 3. She spends $29.7 over the guideline.