What is the total of your parents’ monthly fixed expenses?

Question

Expense

Amount

Rent

$998.50

Groceries (bi-weekly)

$195.40

Charge card

$258.90

Cell phone

$65.78

Name brand khakis for work (monthly)

$34.95

(1 point)
Responses

$1,713.98
$1,713.98

$1,518.69
$1,518.69

$1,748.13
$1,748.13

$1,553.53
$1,553.53
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Answer 1

To determine the total of your parents’ monthly fixed expenses, we need to account for each expense listed.

1. Rent: $998.50
2. Groceries (bi-weekly): Since this is a bi-weekly expense, we need to multiply it by 2 to find the monthly amount:
   \( 195.40 \times 2 = 390.80 \)
3. Charge card: $258.90
4. Cell phone: $65.78
5. Name brand khakis for work (monthly): $34.95

Now, we can add these amounts together:

\[ 998.50 + 390.80 + 258.90 + 65.78 + 34.95 = 1,748.13 \]

Therefore, the total of your parents’ monthly fixed expenses is $1,748.13.