When making a budget, a recommended goal is to spend10% on utilities. In reality, household spending depends
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When making a budget, a recommended goal is to spend10% on utilities. In reality, household spending depends on economic levels. Households with incomes from$15,000to$20,000 spend over11% on utilities. Households with incomes from$50,000 to$70,000 spend8.2% on utilities, while households with incomes above$150,000spend only4.8%on utilities. The McKinneys' annual income is$65,000 How much should they budget annually for utilities? Enter the answer as a whole dollar amount, such as $200.
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