10
QuizMultiple Choice

Personal Budget

Question 10 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27

Select the budget that would most quickly achieve the financial goal of saving $6000 for college tuition.Monthly BudgetBudget ABudget BBudget CBudget DIncome$1250$1000$1125$1500Expenses Rent Utilities Food Cell Phone Savings Personal Items Entertainment Car Expenses Clothing$200$70$150$0$600$120$30$0$20$200$80$250$75$50$10$100$200$0$300$75$160$40$200$25$20$0$300$0$0$400$110$450$50$150$250$50Net Income$60$35$5$40

Answer
A
Budget A
B
Budget B
C
Budget C
D
Budget D

Explanation

Budget A sets aside $600 each month for savings. At that rate, saving $6,000 takes $6,000 ÷ $600 = 10 months. The other budgets save less each month, so they would take longer to reach the goal.

AI-written and checked against the verified answer.

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