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  1. Freddy pays $840 per year in insurance.

How much should he budget monthly for it?


$70 (My answer)

$92

$140

$142


Sandra budgets $580 each month for living expenses. She nets $1640 semimonthly. What percent of her net monthly income does she budget for living expenses?

35% (my answer)

24%

18%

16%



Each month Madison budgets $624 for fixed expenses, $520 for living expenses, and $40 for annual expenses her annual net income is $26556. Which statement best describes her monthly budget?

AIt shows a deficit of $1029
Bit shows a surplus of $1029 (My answer)
Cit shows a surplus of $2069
Dit is balanced

Each month Michael budgets $1200 for fixed expenses $550 for living expenses and $100 for annual expenses his biweekly net income is $864. Which statement best describes his monthly budget?

Ait shows a surplus of $22
Bit shows a deficit of $22 (My answer)
Cit shows a surplus of $122
Dit is balanced

The equation y= 1.55x + 110,419 approximates the total cost, in dollars, of raising a child in the United States from birth to 17 years, given the households annual income, x. Approximately how much would it cost to raise a child from birth to 17 years in a household with an annual income of $64,000?

A$209,619
B$186,302
C$164,219 (My Answer)
D$99,200

Verified Answer :

Answer:

1.

Monthly budget of Freddy will be = 840/12 = $70.

2.

Sandra's semimonthly income is = $1640

So, her monthly income is = 1640*2 =$3280

She budgets $580 for expenses.

Percent of her net monthly income does she budget for living expenses is :

\(\frac{580}{3280}*100= 17.68\) ≈ 18%

The answer is 18%.

3.

Each month Madison budgets $624 for fixed expenses, $520 for living expenses, and $40 for annual expenses.

Total become = @@MATH_TOKEN_1@@

Her monthly salary is = @@MATH_TOKEN_2@@

Now savings per month = 2213-1184 = $1029

So, option B is correct.

4.

Each month Michael budgets $1200 for fixed expenses $550 for living expenses and $100 for annual expenses

(864*26 -12*1200 -12*550 -12*100)/12= 22

Hence,  A. it shows a surplus of $22 is correct.

5.

The equation y= 1.55x + 110,419 approximates the total cost, in dollars, of raising a child in the United States from birth to 17 years,

Putting 64000 in place of 'x'

\(1.55(64000)+110419=209619\)

Hence, $209,619 is the answer.