Question

Alycia created a personal budget for the upcoming month. She received a salary of $2,700 and had various fixed and variable expenses. Her employer took out 10% of her salary for taxes. Her fixed expenses (rent and monthly bills) were $1,161. She saved $405 for her daughter's college tuition. The remainder of her money was spent on entertainment and food. What percent of her income was spent on entertainment and food? A. 43% B. 37% C. 32% D. 15%

Answer 1

C. 32%

Explanation:

First, you have to determine the amount they spent on entertainment and food:

Salary $2,700

Taxes: 10%: $270

Fixed expenses: $1,161

Savings: $405

$2,700-$270-$1,161-$405= $864

Alycia spent $864 on entertainment and food. Now, you have to find the percent of her income that this amount represents:

($864/$2,700)*100= 32%

According to this, the answer is that the percent of her income that was spent on entertainment and food is 32%.