17
QuizMultiple Choice

Personal Budget

Question 17 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Calculate the income needed based on the following budgeted expenses.Month _______Budgeted AmountRent$400Utilities$150Food $175Entertainment$125Cell Phone$75Car Expenses - Gas, Insurance$200

Answer
A
The income would need to be at least $925.
B
The income would need to be at least $950.
C
The income would need to be at least $1125.
D
The income would need to be at least $1050.

Explanation

Add the budgeted expenses: $400 + $150 + $175 + $125 + $75 + $200 = $1,125. The income needs to be at least $1,125 to cover all expenses, so the correct choice is “The income would need to be at least $1,125.”

AI-written and checked against the verified answer.

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