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Which of the following is an example of a variable expense?
petrol for your car
student loan for college
Phoebe earns $900 a month. The table shows her monthly budget. Which statement is supported by the information in the table?
Phoebe spends 10% of her monthly budget on clothes.
Phoebe spends less than 15% of her monthly budget on her cell phone bill.
Phoebe uses more than 20% of her monthly budget for college savings.
Phoebe uses more than 50% of her monthly budget on her car payment and food.
In Jamie's monthly budget, each category is assigned a certain percentage of his monthly income of $2,250.
Which statement is NOT supported by the information in the table?
Jamie puts $360 of her monthly income into savings.
Less than $900 of Jamie's monthly income is for his house payment and life insurance.
Jamie budgets $485 of her monthly income for telephone, utilities, and emergencies
More than $530 of Jamie's monthly income is for his car payment and car insurance.
Ryan would like to save 15% of his take-home pay towards retirement. How much should he save each month if he makes $5,000 each month?
If Ryan's take-home pay is $3600, what percentage does he pay for rent if rent is $900.
Which equation can be used to determine y, the minimum amount of money a family must earn to meet the requirements of this budget for one year?
y = 3,600 × 12
y = 3,600 ÷ 7
y = 3,600 × 4
y = 3,600 ÷ 52
The monthly budget for a two-adult family living in El Paso, TX is shown.
Both adults in the family work and earn the same amount in wages. Which equation can be used to determine x, the minimum amount each adult must earn to meet the requirements of this budget for one year?
x = 4,405 • 12
x = 4,405 • 12 • 2
What is the Felicia family's minimum household budget?
If the Felicia family increased their monthly budget by 5.5%, which is their minimum monthly budget?
The Bowmans have a monthly income of $5,000. Which expense makes up 20% of their budget?