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.\nmonthly budget\n| |budget a|budget b|budget c|budget d|\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|\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.\nmonthly budget\n| |budget a|budget b|budget c|budget d|\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|\na. budget a\nb. budget b\nc. budget c\nd. budget d

Answer

Explanation:

Step1: Calculate monthly income

Alejandro makes $10 per hour and works 30 hours per week. There are approximately 4 weeks in a month. So his monthly income is $10\times30\times4 = $1200$.

Step2: Analyze budgets

Budget A and B have an income of $1500 which is incorrect based on our calculation. Budget C and D have an income of $1200 which is correct. We need to save enough to buy a $6000 car in 2 years (24 months). So we need to save at least $\frac{6000}{24}= $250$ per month. Budget D has savings of $250$ per month while Budget C has savings of only $25$ per month.

Answer:

d. Budget D