Question

What percentage of the budget is spent on housing? Category Amount spent per month Housing $1,302 Taxes $1,550 Food $558 Clothing $124 Entertainment $124 Transportation $372 College Savings $558 Retirement Savings $558 Gasoline $248 Emergency Savings $310 Utilities $496 Question 2 options: 21% 15% 17% 30%

Answer 1

Answer:

21%

Step-by-step explanation:

step 1

Find out the total amount of the budget

$(\ 1,302+\ 1,550+\ 558+\ 124+\ 124+\ 372+\ 558+\ 558+\ 248+\ 310+\ 496)=\ 6,200$

step 2

To find out what percentage of the budget is spent on housing, divide the amount spent on housing by the total budget and multiply by 100

$( \ 1,302/ \ 6,200)100=21\%$