Brian budgets $940 each month for fixed expenses. He nets $1360 semimonthly.

What percent of his net monthly income does he budget for fixed expenses?
(Points : 1)
32%
35%
54%
69%

Question

Brian budgets $940 each month for fixed expenses. He nets $1360 semimonthly.

 What percent of his net monthly income does he budget for fixed expenses? 
 (Points : 1)  
       32%
        35%
        54%
        69%

tkhunny · Answer

(Monthly Budgeted)/(Monthly Income)

Go!

anonymous · Answer

i still don't get it

tkhunny · Answer

What is the Monthly Budgeted Amount?

anonymous · Answer

940?

tkhunny · Answer

It is given in the problem statement.  $940.  Very good.

What is the MONTHLY net income?

anonymous · Answer

do i multiply 940 and 12 for the monthly net

tkhunny · Answer

$940 * 12 = ANNUAL EXPENSE BUDGET.  Why would you want that?

What is the MONTHLY net income?
You are given semi-monthly net income.  What is that?  How do you convert it to monthly?

anonymous · Answer

idk thats why im asking u

tkhunny · Answer

Take a deep breath.  Answer my questions.

You are given semi-monthly net income.  What is that?

How do you convert it to monthly?

anonymous · Answer

1360

anonymous · Answer

divde it by 12?

tkhunny · Answer

Good.  Now the conversion to monthly.

You keep trying to go to ANNUAL.  Don't do that.  Nothing in the problem statement says anything about "Annual".  Let's stick with Monthly.

tkhunny · Answer

What's the difference between Monthly and SemiMonthly?

anonymous · Answer

idk

anonymous · Answer

IM DONE BYE

tkhunny · Answer

Are they the same?  "semi" means "half".  Semi-monthly is half a month.  Thus, this is the net income twice per month.  Multiply by 2 to get monthly.

tkhunny · Answer

Answers don't just pop out of the sky.  It takes thinking.  Ponder the given information.  Ponder what is needed.  How do you get them together?  It might take a few pieces.