Name Individual Budgets Date Period Workbook Activity 102 Chapter, Lee 5 EXAMPLE This year, Jolme spent $2,550.00 on food. Agrosimately what percent of her 112,458.00 net income is tha Step 1 Wite the radio. Step 2 Divide 2,550,00 32,458.00-8.78563-008 or 8% Aspen 12,550.00 for food, which was % of her income this year Step 3 Nest year, Jolene will again spend food, but her salary will incase $36.2004 much of next year's income will jolene spend for food? Step 4 Multiply 136,300 x 0.00-$2,096.00 Next year, Jolene will spend $2,896.00 for food, which is as of her income Directions The budgets for two people are shown below. For each person, first add the exposes for this year to find the net income. Then write the ratio and divide to find out what penes of the yearly income la spent for each category Then, using the same percent, multiply to find the amount of next year's income that will be spent in each category. Next year's income is provided, and the total amount in the Nester column should equal dhut amount. 1. Patrick Marka The Pet Next Thur $4.300 2. Victor Tobin This Pour Percent Next Yea Homing Food 1,900 Housing Food $7.200 3,350 Clothing 570 37 Clothing 10 Utilities 400 Utilities 580 Transportation 3,450) Trampertation 3,200 Health 1,530 Health 1430 Education 0 Education 400 Insurance 600 Insurance 1,300 Saving 200 Sav 2,200 Charity 50 Charity 1,750 Recreation 620 Recenation 1,340 Miscellaneous 1,760 Net Income Miscellaneous 1.720 $18.000 Net lactone $30,000 Consumer Mathematics