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QuizMultiple Choice

Personal Budget

Question 1 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Analyze the following budget, with an income of $600, to determine how much can be spent on food for the month. Month________Budgeted AmountCell Phone$65Food$___Entertainment$95College Savings$200Car Expenses - Gas, Insurance$160

Answer
A
$210 can be spent on food.
B
$145 can be spent on food.
C
$80 can be spent on food.
D
$260 can be spent on food.

Explanation

Add the budgeted expenses other than food: $65 + $95 + $200 + $160 = $520. Subtract that total from the $600 income: $600 − $520 = $80. Therefore, $80 can be spent on food for the month, which is choice C.

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