you have a monthly income of $2,000. you plan to follow the 50/30/20 rule for budgeting. how much of your…

you have a monthly income of $2,000. you plan to follow the 50/30/20 rule for budgeting. how much of your monthly income can you spend on wants? choose 1 answer: a $200 b $400 c $600 d $1,000

you have a monthly income of $2,000. you plan to follow the 50/30/20 rule for budgeting. how much of your monthly income can you spend on wants? choose 1 answer: a $200 b $400 c $600 d $1,000

Answer

Explanation:

Step1: Understand the 50/30/20 rule

The 30% of income is for wants.

Step2: Calculate amount for wants

$2000\times0.3 = 600$

Answer:

C. $600$