When making a budget, a recommended goal is to spend 10% on utilities. In reality, household spending depends on economic levels. Households with incomes from $15,000 to $20,000 spend over 11% on utilities. Households with incomes from $50,000 to $70,000 spend 8.2% on utilities, while households with incomes above $150,000 spend only 4.8% on utilities. The McKinneys' annual income is $65,000. How much should they budget annually for utilities? Enter the answer as a whole dollar amount, such as $200.

Question

Sabrina Frye

Mathematics

6 August, 00:12

When making a budget, a recommended goal is to spend 10% on utilities. In reality, household spending depends on economic levels. Households with incomes from $15,000 to $20,000 spend over 11% on utilities. Households with incomes from $50,000 to $70,000 spend 8.2% on utilities, while households with incomes above $150,000 spend only 4.8% on utilities. The McKinneys' annual income is $65,000. How much should they budget annually for utilities? Enter the answer as a whole dollar amount, such as $200.

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Lady Gaga · Answer 1

= $5530

Finds us 8.2%

Step-by-step explanation:

if 8.2 was recommended for utilities then we need to find 8.2% of $65,000

We take 65000 x 0.082 = 5530

Therefore the Mckinney's annual income is 65,000 less $5530 for utilities.

We write it as $5,530 in pen and type in whole amount as $ 5530.