s. Lewis has a net spendable income of $2,000 per month. He sets up the following transportation budget for himself. 3. Transportation (15% - 20%) 400 a. Car payments 210 b. Gas/Oil 120 c. Insurance 60 d. License/Registration 8 e. Taxes 2 f. Maintenance/Repair What has Lewis done wrong? A. He budgeted more than the maximum recommended amount of money for transportation. B. He budgeted less than the minimum recommended amount of money to cover gas for the month. C. He has more money in the subcategories than he budgeted for in the main category. D. He has not budgeted for all of the expenses in the subcategories.

Question

Abbie

Mathematics

6 October, 08:36

s. Lewis has a net spendable income of $2,000 per month. He sets up the following transportation budget for himself. 3. Transportation (15% - 20%) 400 a. Car payments 210 b. Gas/Oil 120 c. Insurance 60 d. License/Registration 8 e. Taxes 2 f. Maintenance/Repair What has Lewis done wrong? A. He budgeted more than the maximum recommended amount of money for transportation. B. He budgeted less than the minimum recommended amount of money to cover gas for the month. C. He has more money in the subcategories than he budgeted for in the main category. D. He has not budgeted for all of the expenses in the subcategories.

+2

Answers (1)

Know the Answer?

Spud · Answer 1

D. He has not budgeted for all of the expenses in the subcategories.

Step-by-step explanation:

Transportation Budget : 400

a. Car payments 210

b. Gas/Oil 120

c. Insurance 60

d. License/Registration 8

e. Taxes 2

f. Maintenance/Repair

Lewis did not budget the Maintenance/Repair subcategory, because there is no price or cost indicator next to it.

Therefore, the corrct answer is option

D. He has not budgeted for all of the expenses in the subcategories.