Question

the table below shows the budget for the Smith family.

Budget Item Amount
Income $4,500
Income taxes $450
College Savings $415
Retirement Savings $300
Emergency Fund Savings $215
Living Expenses $3,400

What percentage of the total income is the Smith family saving for college?

Answer 1

Answer:

415 300 213 3400 4500 = 8415

4500 450 415 300 215 3400 = 9280

8828 times 100 divided by 9280 =9 5.1293103448

95.1 percent (simplified)

Step-by-step explanation: income is income rescieved, id.k if income taxes is given to you but taxes is usually taken away from you, college savings, retirement saving and emergency funds are income, and living expenses is for living and you use it on what ever you want. mainly food.

Answer 2

9.222% divide 415 by 4,500 and convert that to a percentage