Question

if you have budgeted 12% of your monthly income for groceries how much can you spend on groceries if you earn 950 bi-weekly

Answer 1

Answer:

$247

Step-by-step explanation:

It depends.

Most months, you will earn $1900, so your budget will be ...

... 12% × $1900 = $228.

In one month out of 6, you will earn $2850, so your budget can be ...

... 12% × $2850 = $342.

_____

If you average out your earnings over 6 months, and compute your budget on that basis, then your monthly grocery budget is ...

... ($950 × 13)/6 × 12% = $247