a family has a monthly budget of $2,400 how much money is spent on each category? 44% is spent on housing

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A family has a monthly budget of $2,400. How much money is spent on each category? 44% is spent on housing. 23% is spent on food. 6% is spent on clothing. 17% is spent on transportation. The rest is put into savings.

Housing = 44%

Food = 23%

Clothing = 6%

Transportation = 17%

Savings = 1 - (44% + 23% + 6% + 17%) = 10%

Amount spent on Housing = 44% × $2400 = 0.44 × $2400 = $1056

Amount spent on Food = 23% = 23% × $2400 = 0.23 × $2400 = $552

Amount spent in Clothing = 6% = 6% × $2400 = 0.06 × $2400 = $144

Amount spent on Transportation = 17% = 17% × $2400 = 0.17 × $2400 = $408

Savings = 10% = 10% × $2400 = 0.1 × $2400 = $240

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