the monthly budget for a small family is shown below: monthly budget item amount rent / utilities $1,300…

the monthly budget for a small family is shown below: monthly budget item amount rent / utilities $1,300 food $650 transportation $400 childcare $200 health insurance $900 miscellaneous $550 which categories represent between 10% and 25% of the familys budget? select two correct answers. rent / utilities food transportation childcare health insurance miscellaneous

the monthly budget for a small family is shown below: monthly budget item amount rent / utilities $1,300 food $650 transportation $400 childcare $200 health insurance $900 miscellaneous $550 which categories represent between 10% and 25% of the familys budget? select two correct answers. rent / utilities food transportation childcare health insurance miscellaneous

Answer

Explanation:

Step1: Calculate total budget

$1300 + 650+400 + 200+900+550=4000$

Step2: Calculate percentage for Rent/Utilities

$\frac{1300}{4000}\times100 = 32.5%$

Step3: Calculate percentage for Food

$\frac{650}{4000}\times100 = 16.25%$

Step4: Calculate percentage for Transportation

$\frac{400}{4000}\times100 = 10%$

Step5: Calculate percentage for Childcare

$\frac{200}{4000}\times100 = 5%$

Step6: Calculate percentage for Health Insurance

$\frac{900}{4000}\times100 = 22.5%$

Step7: Calculate percentage for Miscellaneous

$\frac{550}{4000}\times100 = 13.75%$

Answer:

Food, Health Insurance