Question

What is the total of your parents’ monthly fixed expenses?


Expense

Amount

Rent

$998.50

Groceries (bi-weekly)

$195.40

Charge card

$258.90

Cell phone

$65.78

Name brand khakis for work (monthly)

$34.95

(1 point)
Responses

$1,713.98
$1,713.98

$1,518.69
$1,518.69

$1,748.13
$1,748.13

$1,553.53
$1,553.53
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Answer 1

To determine the total of your parents’ monthly fixed expenses, we need to account for each expense listed.

1. **Rent**: $998.50
2. **Groceries (bi-weekly)**: Since this is a bi-weekly expense, we need to multiply it by 2 to find the monthly amount:
\( 195.40 \times 2 = 390.80 \)
3. **Charge card**: $258.90
4. **Cell phone**: $65.78
5. **Name brand khakis for work (monthly)**: $34.95

Now, we can add these amounts together:

\[
998.50 + 390.80 + 258.90 + 65.78 + 34.95 = 1,748.13
\]

Therefore, the total of your parents’ monthly fixed expenses is **$1,748.13**.