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Calculate the income needed based on the following budgeted expenses.

\begin{tabular}{|l|r|}
\hline Month & \begin{tabular}{r}
Budgeted \\
Amount
\end{tabular} \\
\hline Rent & [tex]$\$[/tex] 350[tex]$ \\
\hline Utilities & $[/tex]\[tex]$ 100$[/tex] \\
\hline Food & [tex]$\$[/tex] 150[tex]$ \\
\hline Entertainment & $[/tex]\[tex]$ 75$[/tex] \\
\hline Bus Pass & [tex]$\$[/tex] 25[tex]$ \\
\hline College Savings & $[/tex]\[tex]$ 300$[/tex] \\
\hline
\end{tabular}

A. The income would need to be at least [tex]$\$[/tex] 1000[tex]$.
B. The income would need to be at least $[/tex]\[tex]$ 950$[/tex].
C. The income would need to be at least [tex]$\$[/tex] 1125[tex]$.
D. The income would need to be at least $[/tex]\[tex]$ 850$[/tex].



Answer :

GinnyAnswer
To determine the income needed based on the given budgeted expenses, we will add up all the amounts listed for each expense. Here’s a breakdown of the expenses:

1. Rent: [tex]$350 2. Utilities: $[/tex]100
3. Food: [tex]$150 4. Entertainment: $[/tex]75
5. Bus Pass: [tex]$25 6. College Savings: $[/tex]300

Now, let's sum these values step by step:

[tex]\[ 350 \, (\text{Rent}) + 100 \, (\text{Utilities}) + 150 \, (\text{Food}) + 75 \, (\text{Entertainment}) + 25 \, (\text{Bus Pass}) + 300 \, (\text{College Savings}) \][/tex]

Start by adding the first two numbers:

[tex]\[ 350 + 100 = 450 \][/tex]

Next, add the third amount:

[tex]\[ 450 + 150 = 600 \][/tex]

Then, add the fourth amount:

[tex]\[ 600 + 75 = 675 \][/tex]

Followed by the fifth amount:

[tex]\[ 675 + 25 = 700 \][/tex]

Finally, add the sixth amount:

[tex]\[ 700 + 300 = 1000 \][/tex]

So, the total budgeted expenses add up to [tex]$1000. This means the income needed to cover all these expenses would be at least $[/tex]1000.

Thus, the correct answer is:
a. The income would need to be at least $1000.

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