Question

Part C

The next month, Tamiko develops a budget for her income. One-fourth of her

income is budgeted for car insurance, of her income is budgeted for

gasoline, of her income is budgeted for savings, and the remainder is

budgeted for spending money. She earns $234.80 for working at the fast food

restaurant, $64 for baby sitting, and $20 in allowance. How much of her total

monthly income can she spend, according to her budget?

Answer 1

Explanation:

Total amount earned by Tamiko = $234.80+$64+$20

Total amount earned by Tamiko = $318.80

If she spend One-fourth of her income on car insurance,amount she budgeted for car insurance = 1/4×$318.80 = $79.7

Let assume one third of her income is budgeted on gasoline, the amount budgeted for gasoline = 1/3× $318.80 = $106.27

Also let assume one-fifth is budgeted on savings, amount spent on savings = 1/5×$318.80 = $63.76

If the rest is on spending, fraction if the rest will be 1-(1/4+1/3+1/5)

= 1-(15+20+12)/60

= 1-47/60

= 13/60

This means that she can spend 13/60 of her total budget according to her spending.

Note that the fraction budgeted on savings and gasoline are assumed. You can use any other fraction and use the same method in the calculation to get the required fraction she spent.