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Average consumers spend 7% of their income on utilities. The scotts' annual income is $42,000. Assuming that utility payments are the same each month, how much of the Scotts' monthly budget should cover
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Average consumers spend 7% of their income on utilities. The scotts' annual income is

$42,000. Assuming that utility payments are the same each month, how much of the Scotts'
monthly budget should cover the cost of utility bills?
O $700
O $245
O $2860
O $2940​

User RobVious
by
6.5k points

2 Answers

1 vote
The answer to this question is 245
User Jack Zhang
by
6.2k points
3 votes

Answer: $245

Explanation: $42,000 - 7%= $2,940. $2,940 /12 months= $245

User Trenthogan
by
6.0k points
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