Question

Calculate the income needed based on the following budgeted expenses.
Month _______
Budgeted Amount
Rent
$400
Utilities
$150
Food
$175
Entertainment
$125
Cell Phone
$75
Car Expenses - Gas, Insurance
$200
a.
The income would need to be at least $925.
b.
The income would need to be at least $950.
c.
The income would need to be at least $1125.
d.
The income would need to be at least $1050.

Answer 1

Add the budgeted amounts: 400 + 150 + 175 + 125 + 75 + 200 = 1125.
So the income would need to be at least $1,125 — answer c.