The Consumer Credit Counseling
Service suggests that the monthly food
budget be between 15-30...
Mathematics, 08.06.2021 20:40 milkshakegrande101
The Consumer Credit Counseling
Service suggests that the monthly food
budget be between 15-30% of income.
Car loan
a. What is Laura Power's total monthly
food bill including dining out?
25 +600
God
$400
Gasoline
Water
580
Laura's Financial Report
Income
Teacher, monthly after-tax income: $5,000
Tutor, monthly after-tax income: $1.200
Monthly Expenses
Rent
$2,200
Groceries
$600
$180
Personal loan $100
Electricity
$80
Land line phone $60
Sanitation
$50
Auto insurance $70
Cable/Internet
$40
Savings
Dining out
$200
College loan $250
$200
Cell phone
$40
Medical insurance $60
Renter's insurance $30 Entertainment
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
$250
b. What percent of her income is spent
on food?
c. Is Laura below, in, or above the
recommended interval?
Answers: 2
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