Question: The Consumer Credit Counseling Service suggests that the monthly food budget be between 15-30% of income. a. What is Laura's total monthly food bill including

The Consumer Credit Counseling Service suggests that the monthly food budget be between 15-30% of income.
The Consumer Credit Counseling Service suggests that the monthly food

a. What is Laura's total monthly food bill including dining out?
b. What percent of her income is spent on food?
c. Is Laura below, in, or above the recommended interval?

Laura's Financial Report Income Teacher, monthly after-tax income: $5,000 Tutor, monthly after-tax income: $1,200 Monthly Expenses Rent Car loarn Electricity Sanitation Cable/Internet $40 Dining out Gasoline Water Renter's insurance $30 Debt reduction $200 Non-Monthly Expenses Medical: $250 in April, $250 in September Auto-related: $400 in October Home-related: $250 in February, $250 in November Life insurance: $110 in April, August, December Tuition: $2,000 in May (summer) and August (fall) Vacation: $800 in July Gifts: $250 in March and December Contributions: $10 each week of the year Repairs: $280 in October Taxes: $1,500 in January and September $2,200 $180 $80 $50 Groceries Personal loan $100 Land line phone $60 Auto insurance $70 Savings College loan $250 Cell phone Medical insurance $60 Entertainment $250 $600 $400 $200 $200 $40 $80

Step by Step Solution

3.35 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a 200 dining out 600 groc... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

790-L-A-L-S (2098).docx

120 KBs Word File

Students Have Also Explored These Related Linear Algebra Questions!