Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Expense categories a. Housing 25-35% b. Insurance (including health, medical, auto, and life): 10-20% C. Food: 10-15% d. Transportation: 10-15% e. Utilities: 5-10% f. Savings:
Expense categories a. Housing 25-35% b. Insurance (including health, medical, auto, and life): 10-20% C. Food: 10-15% d. Transportation: 10-15% e. Utilities: 5-10% f. Savings: 10-15% g. Fun (entertainment and recreation): 5-10% h. Clothing: 5% i. Personal: 5-10% j. Debt repayment: 10-15% (a) For each item, complete the table by indicating which expense category you would place the item into. Every item has to go into one of the categories above. Expense Category Johnny's Auto Insurance Baltimore Gas & Electric Car Payment Clothing Comcast Eating (groceries & dining out) Gas Household Miscellaneous Rent Renter's insurance Retirement Student loan T-Mobile Spending 100.00 150.00 300.00 50.00 125.00 542.00 76.00 50.00 44.00 1,200.00 17.00 292.00 180.00 75.00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started