select the correct answer. antony has a net spendable income of $1,950 per month. what is the maximum…

select the correct answer. antony has a net spendable income of $1,950 per month. what is the maximum recommended amount of money that he should budget for food for a month? round to the nearest dollar. a. $293 b. $332 c. $234 d. $390

select the correct answer. antony has a net spendable income of $1,950 per month. what is the maximum recommended amount of money that he should budget for food for a month? round to the nearest dollar. a. $293 b. $332 c. $234 d. $390

Answer

Explanation:

Step1: Use food - budget percentage

A common recommendation is to budget 17% of net spendable income for food.

Step2: Calculate food budget

Multiply net income by 0.17. So, $1950\times0.17 = 331.5$.

Step3: Round to nearest dollar

Rounding 331.5 to the nearest dollar gives 332.

Answer:

B. $332