Karl has a yearly income of $35,000. he has a budget which lets him know what percentage of his income is spent on different categories.

house payment and utilities 35%
phone and internet 5%
car payment and insurance 20%
life and health insurance 4%
savings 15%
food and misc. 21%
which statement is true based on the table?

karl puts $5,250 into savings per year.

karl spends $1,600 a year on life and health insurance.

karl spends $7,200 on his car payment and insurance per year.

karl spends $10,000 on all types of insurance.