8
QuizMultiple Choice

Personal Budget

Question 8 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Calculate the income needed based on the following budgeted expenses.Month _______Budgeted AmountRent$350Utilities$100Food $150Entertainment$75Bus Pass$25College Savings$300

Answer
A
The income would need to be at least $1000.
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 $850.

Explanation

Add the budgeted expenses to find the minimum income needed: $350 + $100 + $150 + $75 + $25 + $300 = $1,000. Therefore, the income would need to be at least $1,000, which is choice A.

AI-written and checked against the verified answer.

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