Asked by Yay
MaryKay wants to identify her monthly variable expenses to see if they are more than 40% of her monthly income. MaryKay's monthly income is $3,800. Her net income is 7% of her monthly income and her fixed expenses are $1,824. Determine the total of MaryKay's variable expenses and if they are more than 40% of her monthly income.
a.
MaryKay's variable expenses total $1,710, which is more than 40% of her monthly income.
b.
MaryKay's variable expenses total $1,976, which is more than 40% of her monthly income.
c.
MaryKay's variable expenses total $266, which is less than 40% of her monthly income.
d.
MaryKay's variable expenses total $1,740, which is more than 40% of her monthly income.
a.
MaryKay's variable expenses total $1,710, which is more than 40% of her monthly income.
b.
MaryKay's variable expenses total $1,976, which is more than 40% of her monthly income.
c.
MaryKay's variable expenses total $266, which is less than 40% of her monthly income.
d.
MaryKay's variable expenses total $1,740, which is more than 40% of her monthly income.
Answers
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Answered by
GPT-5 mini
Net income = 7% of 3800 = 0.07 × 3800 = 266.
Variable expenses = monthly income − net income − fixed expenses
= 3800 − 266 − 1824 = 1710.
40% of monthly income = 0.40 × 3800 = 1520. Since 1710 > 1520, the variable expenses are more than 40%.
Answer: a.
Variable expenses = monthly income − net income − fixed expenses
= 3800 − 266 − 1824 = 1710.
40% of monthly income = 0.40 × 3800 = 1520. Since 1710 > 1520, the variable expenses are more than 40%.
Answer: a.
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