alejandro lives in a small apartment, within walking distance to school. he takes the bus to work where he…

alejandro lives in a small apartment, within walking distance to school. he takes the bus to work where he makes $10 per hour after taxes and works 30 hours per week. he wants to save money to buy a $6000 car within the next 2 years. how could a monthly budget be created to help alejandro meet his financial goals? select the best option.\n\n| | | | | |\n| :--- | :--- | :--- | :--- | :--- |\n| income | $1,500 | $1,500 | $1,200 | $1,200 |\n| expenses- | | | | |\n| rent | $600 | $600 | $600 | $600 |\n| utilities | $100 | $100 | $100 | $100 |\n| food | $150 | $550 | $250 | $150 |\n| bus pass | $25 | $25 | $25 | $25 |\n| savings | $250 | $250 | $250 | $250 |\n\na. budget a\nb. budget b\nc. budget c\nd. budget d

alejandro lives in a small apartment, within walking distance to school. he takes the bus to work where he makes $10 per hour after taxes and works 30 hours per week. he wants to save money to buy a $6000 car within the next 2 years. how could a monthly budget be created to help alejandro meet his financial goals? select the best option.\n\n| | | | | |\n| :--- | :--- | :--- | :--- | :--- |\n| income | $1,500 | $1,500 | $1,200 | $1,200 |\n| expenses- | | | | |\n| rent | $600 | $600 | $600 | $600 |\n| utilities | $100 | $100 | $100 | $100 |\n| food | $150 | $550 | $250 | $150 |\n| bus pass | $25 | $25 | $25 | $25 |\n| savings | $250 | $250 | $250 | $250 |\n\na. budget a\nb. budget b\nc. budget c\nd. budget d

Answer

Explanation:

Step1: Calculate monthly income

$$10 \text{ dollars/hour} \times 30 \text{ hours/week} \times 4 \text{ weeks/month} = $1,200$$

Step2: Calculate required monthly savings

$$$6,000 \div 24 \text{ months} = $250$$

Step3: Evaluate Budget C

$$\text{Income: } $1,200; \text{ Savings: } $25; \text{ Total Expenses: } $600+$100+$250+$25 = $975[LLM SSE On Failure]