Question

Paula budgets 23% of her annual income for housing. If she budgets$410 per month for housing, what is her annual income?a. $9,430b. $21,500.30c. $21,391.30d. $17,826.08

Answer 1

First, multiply her total budget per year by multiplying her monthly budget to 12 (12 months in a year).

$\ 410\times12=\ 4920$

Next, convert 23% into decimal, and divide it to her annual budget for housing.

$\begin{gathered} 23\%\Rightarrow0.23 \\ \\ \ 4920\div0.23=\ 21,391.30 \end{gathered}$

Therefore, her annual income is $21,391.30.