9
QuizMultiple Choice

Debt Management

Question 9 • [PERFIN] Personal Finance, Sem 2 (26-27)

Tamari has a monthly income of $4,250 and she wants to determine her monthly net income. She calculates that her fixed expenses are $1,955 and her variable expenses are 28% of her monthly income. How much is Tamari’s monthly net income?

Answer
A
$1,105
B
$2,295
C
$1,190
D
$3,060

Explanation

Tamari’s variable expenses are 28% of $4,250: 0.28 × $4,250 = $1,190. Her total expenses are $1,955 + $1,190 = $3,145. Subtracting expenses from her income gives $4,250 − $3,145 = $1,105, so her monthly net income is $1,105.

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