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The table below shows your expenses. Use the information in the table to answer questions 1­3.

Expense Type Cost
mortgage (monthly) $1,850.00
groceries (bi­weekly) $113.50
telephone (monthly) $96.80
credit card (monthly) $100.00
car payment (monthly) $389.45
car insurance (every 6 months) $499.98
health insurance (bi­weekly) $80.16
1. What is a good estimate for your monthly expenses on groceries? (1 point)
$56.75
$227.00
$113.50
$193.60
2. What is a good estimate for your monthly expenses on your car insurance? (1 point)
$499.98
$249.99
$83.33
$999.96
3. How much should you budget for your total monthly expenses? (1 point)
$2,906.90
$2,826.74
$3,129.89
$3,073.56
4. Your car insurance is paid quarterly (4 times a year, which is every 3 months). If your payment
is $147.67, how much should your estimated monthly expense be?
(1 point)
$50.00
$100.00
$150.00
$45.00

1.B
2.C
3.A
4.A

8 answers

I agree with all of your answers.
YES 1. = $227.00
YES 2. = $499.98/6 = $83.33
Try again 3. = $3,129.89
*4. = $50 *(The amount of $49.22 should be rounded to $50 in an estimate. If you carry the decimals at the end it makes it seem as though your figure was exact when it was not.)
Oh, hi Ms Sue. This is Claire's g'ma again. I am not using her name. I decided that I should use her name when I write her questions only. Anyway. I will check my math above. ??
3. How much should you budget for your total monthly expenses? (1 point)
$2,906.90
OOPS!
b
c
a
a
is correct. I just took this test :)
B C A A thank you
B C C A
The Riddle Family has a total monthly budget of $3,400. If the utilities represent 15% of the budget, then how much money is the Riddle Family spending on utilities each month?