Personal & Family Budget exc A

What is Scott's monthly budget?

What % of Scott's budget is clothing?

• 70%

• 3%

• 21%

• 8%

What % of Scott's budget is housing?

• 7%

• 65%

• 22%

• 35%

Which 3 categories make up about 50% of the budget?

• Utilities + clothing + transportation

• Transportation + savings + food

• Entertainment + other + taxes

• Savings + food + housing

What % is housing + food?

• 10%

• 62%

• 87%

• 31%

What does a 'fixed expense' mean?

• They aren't consistent and change

• They're necessities that don't change from month to month

• Other expenses that you budget for like a trip

• Things you want like new shoes or movies

What is a fixed expense for his budget?

• other spending

• utilities

• clothing

• entertainment

What is the hourly wage needed to meet the budget? Assume the Scott works 160 hours in one month.

• $22.91

• $21.56

• $32.91

• $12.56

What is the Ming family total budget?

What % of the budget is used for entertainment AND food combined?

• 35%

• 16%

• 20%

• 50%