Question

Budgeting for Success Quick Check
2 of 52 of 5 Items
Question
Use the image to answer the question.

A pie chart shows the following distribution: food: $450; housing: $1,000; transportation: $300; clothing: $150; savings: $850; utility bills: $350; education: $1,500; miscellaneous: $700.

The Sanchez family’s household budget is shown in the pie chart. Approximately what percentage of the total monthly income was set aside for savings? Round to the nearest hundredth.

(1 point)
Responses

19.42%
19.42%

0.19%
0.19%

18.24%
18.24%

19.61%

Answer 1

To find the percentage of the total monthly income that was set aside for savings, you first need to calculate the total monthly income and then use that to find the percentage allocated to savings.

1. **Calculate the total monthly income:**
- Food: $450
- Housing: $1,000
- Transportation: $300
- Clothing: $150
- Savings: $850
- Utility Bills: $350
- Education: $1,500
- Miscellaneous: $700

Total = 450 + 1000 + 300 + 150 + 850 + 350 + 1500 + 700 = $4,400

2. **Calculate the percentage for savings:**
- Savings = $850
- Total Income = $4,400

Percentage for savings = (Savings / Total Income) × 100
Percentage for savings = (850 / 4400) × 100

Percentage for savings ≈ 19.32%

Rounding to the nearest hundredth, it would be approximately **19.32%**.

However, none of the options given exactly match this calculated percentage, which suggests that the answer options provided may not correctly represent the budget breakdown. If rounding discrepancies occur, then the closest approximate answer from the options available is **19.42%**. Thus, if choosing from provided options, **19.42%** would be the selection to make.