Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the percentages in Column 2, calculate the amount you would spend on each of the categories per month in the table below - we

Using the percentages in Column 2, calculate the amount you would spend on each of the categories per month in the table below - we will be using them as your hypothetical budget.

image text in transcribed
HCPS ClassLink x Kayla Spencer - PROJECT Bud X week 12 doc 1.pdf - NGPF Acti X + C docs.google.com/document/d/1SnUTubBIVCuuACpN6_Rgqw2kj-MuFYW7sZRrUSQ5BBo/edit# K Apps Maps YouTube @ News M Gmail Living Conditions i... Choose Your Own... & Respiratory System.. Reading List Kayla Spencer - PROJECT Budgeting for your Credit Card Payments - 3461952 * 4 Share File Edit View Insert Format Tools Add-ons Help Last edit was seconds ago 90% Normal text Titillium W... - 11 + B JU A GO P M BEEBE BEEXAM 8 2. The Department of Labor issues a report each year on how the average American spent his or her income. Using the percentages in Column 2, calculate the amount you would spend on each of the categories per month in the table below - we will be using them as your hypothetical budget. (1pt. Each) Category Average American Spends My Monthly Budget (round to nearest whole dollar) Housing 29% Transportation 16% Food 11% Other Insurance, Retirement, Pensions, etc. 10% Student Loan Payments* 7% Health Care 6% Entertainment 5% Clothes 3% Everything Else 13% *Figure came from this article, rather than the report named above. + 3. How do these figures compare to what you assume you'd budget as an adult? Are there areas where you

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Capitalism Its Fall And Rise In The Twentieth Century

Authors: Jeffry A Frieden

1st Edition

0393058085, 9780393058086

More Books

Students also viewed these Economics questions

Question

Subjective norms, i.e. the norms of the target group

Answered: 1 week ago