marcos net monthly income is $2,800. calcualte his budget for each spending category based on the guidelines

Question

1-housing-30%
2-food -20%
3) transportation -11%
4)savings -10%

Answer 1

To calculate Marcos's budget for each spending category based on his net monthly income of $2,800 according to the given guidelines, we will calculate each category's allocation by multiplying the total income by the percentage specified.

1. Housing (30%):
   \( 2,800 \times 0.30 = 840 \)
   Budget for Housing: $840

2. Food (20%):
   \( 2,800 \times 0.20 = 560 \)
   Budget for Food: $560

3. Transportation (11%):
   \( 2,800 \times 0.11 = 308 \)
   Budget for Transportation: $308

4. Savings (10%):
   \( 2,800 \times 0.10 = 280 \)
   Budget for Savings: $280

Putting it all together, here’s the budget breakdown:

• Housing: $840
• Food: $560
• Transportation: $308
• Savings: $280

Would you like to calculate other categories or details?