Question

marcos net monthly income is $2,800. calcualte his budget for each spending category based on the guidelines
1-housing-30%
2-food -20%
3) transportation -11%
4)savings -10%

Answers

GPT-4o mini
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?