Category value ($)
housing 1,100
food 500
clothing/entertainment 100
transportation 100
college savings 150
utilities 100
emergency savings 50
retirement savings 150

given the monthly budget above, what is the minimum household income needed for this budget?
question 1 options:

a. $2,500

b. $2,000

c. $2,250

d. $3,000

Option c. $2,250

Step-by-step explanation:

we know that

The minimum household income needed for the given budget, must be equal at least to the sum of all categories values of the monthly budget

so

Find the sum of all categories values

therefore

The minimum household income needed for this budget is $2,250

option 1 is correct.

step-by-step explanation:

y varies inversely with x and constant of variation is 4

the equation will be:

y = k/x

where k =4 so,

y = 4/x

if we put values of x of option 1 in the above equation and find values of y

y = 4/-2 => y =-2

y = 4/-1 => y = -4

y = 4/1 => y = 4

y = 4/2 => y =2

so, all the values of x and y are correct.

if we put values of x given in other options and find value of y we cannot find whole table satisfying the equation.

hence option 1 is correct.

fwms@lil_ben06

step-by-step explanation: