We can start by setting up a proportion:
23% of annual income = $410 per month
To solve for annual income, we need to first find out what 100% of the annual income is, and then multiply by the proportion that represents the 23% budgeted for housing.
First, we can divide $410 by 23%:
$410 รท 0.23 = $1782.61 (this represents 1/12 of the annual income)
Next, we can multiply by 12 to find the annual income:
$1782.61 x 12 = $21,391.32
So, the answer is c. $21,391.32.
Paula budgets 23% of her annual income for housing. If she budgets
$410 per month for housing, what is her annual income?
a. $9,430
b. $21,500.30
c. $21,391.30
d. $17,826.08
1 answer