question 2 (10 points)\nmaria works several months and finds that her average total monthly income is…

question 2 (10 points)\nmaria works several months and finds that her average total monthly income is $2,600. you told her about the 50:30:20 budget philosophy, and she wants your help to set up her budget. based on her income, how much should she allocate toward the needs category?\nenter the dollar amount with 2 decimal places.\nyour answer:\nanswer

question 2 (10 points)\nmaria works several months and finds that her average total monthly income is $2,600. you told her about the 50:30:20 budget philosophy, and she wants your help to set up her budget. based on her income, how much should she allocate toward the needs category?\nenter the dollar amount with 2 decimal places.\nyour answer:\nanswer

Answer

Explanation:

Step1: Identify the percentage for Needs

In the 50:30:20 budget philosophy, 50% is for Needs.

Step2: Calculate the amount for Needs

Multiply the total monthly income by 50% (or 0.5). The total monthly income is $2600. So, the amount for Needs is $2600\times0.5 = 1300.00$.

Answer:

$1300.00$