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18 July, 16:39

Gina has a net spendable income of $1,600. She must pay at least $100 per month to pay off her debts. However, she puts together the following budget for her main expense categories.

Housing $510

Food $204

Transportation $255

Insurance $51

Debts $207

Entertainment $85

Clothing $85

Savings $55

Medical $68

Miscellaneous $80

How is she able to pay so much money on her debts?

A) She is going over budget.

B) She is putting less than the recommended percentage of her income into the savings category.

C) She is putting the minimum recommended percentage of her income into all categories except debt.

D) She is putting less than the recommended percentage of her income into the clothing, medical, and miscellaneous categories.

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Answers (1)
  1. 18 July, 20:37
    0
    I believe it's A) She is going over budget.
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