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2. Use the recommended spending percentages for a monthly budget to answer the following questions for an individual who was paid a net income of $1550 bi- monthly. What is the maximum this individual should spend on recreation?

Recommended Percentages

Savings	5-10%
Charitable Donations	10-15%
Housing	25-35%
Utilities	5-10%
Food	5-15%
Transportation	10-15%
Clothing	2-7%
Health Related	5-10%
Recreation	5-10%
Entertainment	5-10%
Personal Debt	5-10%

Select one:

a.

$155

b.

$310

c.

$300

d.

$77.50