Mr. jones has a monthly income of $5,600. he wants to identify his monthly variable expenses to see if they are more than 38% of his monthly income. mr. jones has fixed expenses totaling $2,912 and his net income is 12% of his monthly income. determine the total of mr. jones's variable expenses and if they are more than 38% of his monthly income.

a. mr. jones's variable expenses total $672 and do not exceed 38% of his monthly income.

b. mr. jones's variable expenses total $2,688 and do exceed 38% of his monthly income.

c. mr. jones's variable expenses total $3,584 and do exceed 38% of his monthly income.

d. mr. jones's variable expenses total $2,016 and do not exceed 38% of his monthly income.

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20 February, 01:22

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Geovanni Rowe · Answer 1

The answer is D Mr. Jones variable expenses total $2016 and do not exceed 38% of his monthly income.