calculating your main expenses\nyour monthly expenses\nmonthly net pay: $2,989.12\nmortgage: $1,379\nfood…

calculating your main expenses\nyour monthly expenses\nmonthly net pay: $2,989.12\nmortgage: $1,379\nfood: $302\ncar: $?$\ngas: $230\nsubtotal: $?$\nyou plan on making payments on a new car too. you want to spend 15% of your monthly net pay on the car payment, insurance, registration, and taxes combined. what is your monthly car allowance?\n$149.46\n$298.91\n$448.37\n$597.83

calculating your main expenses\nyour monthly expenses\nmonthly net pay: $2,989.12\nmortgage: $1,379\nfood: $302\ncar: $?$\ngas: $230\nsubtotal: $?$\nyou plan on making payments on a new car too. you want to spend 15% of your monthly net pay on the car payment, insurance, registration, and taxes combined. what is your monthly car allowance?\n$149.46\n$298.91\n$448.37\n$597.83

Answer

Explanation:

Step1: Identify the relevant amount and percentage

We know monthly net - pay is $2989.12 and the percentage for car - related expenses is 15%.

Step2: Calculate the car allowance

We use the formula: Car allowance = Monthly net - pay×Percentage. So, Car allowance = $2989.12×0.15$. $2989.12×0.15 = 448.368\approx448.37$

Answer:

$448.37$