Using the information provided in the given table, determine how much monthly income would be necessary to budget for transportation over the 9-month academic year. Round your answer to the nearest cent, if necessary.
Estimated Cost of Local College Next Academic Year
Budget Category On-Campus Student
University Fees $19,784
Room & Board $8625
Books & Supplies $1922
Transportation $929
Personal $1163
Health Insurance $875
Loan Fees $180
To determine the total amount needed for transportation over the 9-month academic year, multiply the monthly transportation cost by 9.
$929 * 9 = $8361
Therefore, a monthly income of $929 would be needed to budget for transportation over the 9-month academic year.