you have a monthly income of $4,000. you plan to follow the 50/30/20 rule for budgeting. how much of your…

you have a monthly income of $4,000. you plan to follow the 50/30/20 rule for budgeting. how much of your income can you spend on wants? choose 1 answer: a $800 b $1,200 c $1,600 d $2,000

you have a monthly income of $4,000. you plan to follow the 50/30/20 rule for budgeting. how much of your income can you spend on wants? choose 1 answer: a $800 b $1,200 c $1,600 d $2,000

Answer

Explanation:

Step1: Understand the 50/30/20 rule

The 30% of income is for wants.

Step2: Calculate amount for wants

$4000\times 0.3 = 1200$

Answer:

B. $1,200$