Question

A family has an annual income of $30,600. Of this, 1/4 is spent for food, 1/5 for housing 1/10 for clothes, 1/9 for savings, 1/4 for taxes, and the rest for other expenses. How much is spent for taxes?

Answer 1

Answer:

The amount spent on taxes is $7650

Explanation:

The annual income of the family is $30,600

1/4 of this income is spent on taxes

That is 1/4 of $30,600.

Let us find what this amount is

$\frac{30600}{4}=7650$

The amount is $7650

This is the amount spent on taxes