Question

If your monthly take-home pay is $3,200 and you want to follow the 50/30/20 rule, how much should you allocate to needs?

(1 point)
Responses

$640
$640

$960
$960

$1,600
$1,600

$1,280

Answer 1

$1,600 — 50% of $3,200 is $3,200 × 0.50 = $1,600.