The table below shows your expenses. Use the information in the table to answer questions 1­3.

Expense Type Cost
mortgage (monthly) $1,850.00
groceries (bi­weekly) $113.50
telephone (monthly) $96.80
credit card (monthly) $100.00
car payment (monthly) $389.45
car insurance (every 6 months) $499.98
health insurance (bi­weekly) $80.16
1. What is a good estimate for your monthly expenses on groceries? (1 point)
$56.75
$227.00
$113.50
$193.60
2. What is a good estimate for your monthly expenses on your car insurance? (1 point)
$499.98
$249.99
$83.33
$999.96
3. How much should you budget for your total monthly expenses? (1 point)
$2,906.90
$2,826.74
$3,129.89
$3,073.56
4. Your car insurance is paid quarterly (4 times a year, which is every 3 months). If your payment
is $147.67, how much should your estimated monthly expense be?
(1 point)
$50.00
$100.00
$150.00
$45.00

1.B
2.C
3.A
4.A

b

c
a
a
is correct. I just took this test :)

B C A A thank you

I agree with all of your answers.

Oh, hi Ms Sue. This is Claire's g'ma again. I am not using her name. I decided that I should use her name when I write her questions only. Anyway. I will check my math above. ??

3. How much should you budget for your total monthly expenses? (1 point)

$2,906.90
OOPS!

To answer the questions, you need to analyze the information provided in the table.

1. To estimate your monthly expenses for groceries, you look at the entry in the table which states "groceries (bi-weekly) $113.50". Since bi-weekly expenses occur every two weeks, you need to calculate the monthly amount by multiplying the bi-weekly expense by the number of bi-weekly periods in a month. In this case, there are two bi-weekly periods in a month:

$113.50 * 2 = $227.00

Therefore, the correct answer is option B, $227.00.

2. To estimate your monthly expenses on car insurance, you look at the entry in the table which states "car insurance (every 6 months) $499.98". Since car insurance is paid every 6 months, you need to divide the 6-month expense by the number of months in a period. In this case, you divide by 6:

$499.98 / 6 = $83.33

Therefore, the correct answer is option C, $83.33.

3. To determine your total monthly expenses, you need to add up all the monthly expenses listed in the table:

$1,850.00 (mortgage) +
$96.80 (telephone) +
$100.00 (credit card) +
$389.45 (car payment) +
$80.16 (health insurance) =
$2,516.41

Therefore, the correct answer is option A, $2,516.41.

4. To estimate your monthly expense for car insurance that is paid quarterly, you divide the quarterly expense by 3 (the number of months in a quarter):

$147.67 / 3 = $49.23

Rounding this to the nearest dollar, you get $49.00.

Therefore, the correct answer is option A, $50.00.

Remember to always carefully analyze the information given and apply the appropriate calculations to arrive at the correct answers!

The Riddle Family has a total monthly budget of $3,400. If the utilities represent 15% of the budget, then how much money is the Riddle Family spending on utilities each month?

YES 1. = $227.00

YES 2. = $499.98/6 = $83.33
Try again 3. = $3,129.89
*4. = $50 *(The amount of $49.22 should be rounded to $50 in an estimate. If you carry the decimals at the end it makes it seem as though your figure was exact when it was not.)

B C C A