Jessica’s budget includes the following expenses: monthly rent ($800) , cellphone bill ($125) , utility bill ($350) ), groceries ($350) , and transportation ($150) . Calculate her total expenses.
To calculate Jessica's total expenses, we add up all of her expenses:
$800 + $125 + $350 + $350 + $150 = $<<800+125+350+350+150=1775>>1775
Her total expenses are $1775.
To calculate the percentage of Jessica's income spent on monthly rent, we divide the rent amount by her total expenses and multiply by 100:
($800 / $1775) * 100 = 0.45 * 100 = 45
Jessica spent 45% of her income on monthly rent, rounded to the nearest whole number.
To calculate how much money Niket intends to save each month, we multiply his monthly income by the saving percentage:
$3,500 x 20% = $3,500 x 0.20 = $<<3500*0.20=700>>700
Niket intends to save $700 each month.
To determine the average living wages needed to support the family's basic needs, we sum up the costs of all the items listed in the table:
$637.08 + $701.25 + $725.58 + $1,324.17 + $1,059.03 + $872.75 + $512.50 = $5,832.36
Since there are two working adults in the family, the average living wages required for each adult would be:
$5,832.36 / 2 = $2,916.18
Therefore, the average living wages of both adults need to be approximately $2,916.18 rounded to the nearest hundredth.
Jessica’s budget includes the following expenses: monthly rent ($800) , cellphone bill ($125) , utility bill ($350) , groceries ($350) , and transportation ($150) . What percentage of her income was spent on monthly rent? Round to the nearest whole number.
Niket is creating a personal budget. He plans to save 20% of his income. If he has a monthly income of $3,500, how much money does he intend to save each month?
The maximum annual pay for a machine operator job working full-time in Fort Worth, Texas, is $30,300. What is the equivalent hourly wage? Round to the nearest hundredth.
wrong
Apologies for the incorrect information provided earlier.
To calculate the equivalent hourly wage, we divide the annual pay by the total number of hours worked in a year.
Assuming a full-time job in the US typically consists of 40 hours per week and 52 weeks per year, we have:
Annual pay: $30,300
Total hours worked in a year: 40 hours/week * 52 weeks/year = 2,080 hours/year
Equivalent hourly wage: $30,300 / 2,080 hours/year ≈ $14.56 (rounded to the nearest hundredth)
Apologies for the confusion. The equivalent hourly wage for a machine operator in Fort Worth, Texas, based on the given information, is approximately $14.56.
Use the table to answer the question.
Items Cost
food and groceries $637.08
child care $701.25
medical $725.58
housing $1,324.17
transportation $1,059.03
monthly taxes $872.75
other basic necessities $512.50
The table shows the monthly basic needs budget for a 1-child family with 2 working adults in Fort Worth, Texas.
What should be the average of living wages of both adults so they can support their family’s basic needs? Assume both parents work full-time (40 hours per week). Round to the nearest hundredth.
(1 point)