Answer :
To determine the income needed based on the given budgeted expenses, we will add up all the amounts listed for each expense. Here’s a breakdown of the expenses:
1. Rent: [tex]$350 2. Utilities: $[/tex]100
3. Food: [tex]$150 4. Entertainment: $[/tex]75
5. Bus Pass: [tex]$25 6. College Savings: $[/tex]300
Now, let's sum these values step by step:
[tex]\[ 350 \, (\text{Rent}) + 100 \, (\text{Utilities}) + 150 \, (\text{Food}) + 75 \, (\text{Entertainment}) + 25 \, (\text{Bus Pass}) + 300 \, (\text{College Savings}) \][/tex]
Start by adding the first two numbers:
[tex]\[ 350 + 100 = 450 \][/tex]
Next, add the third amount:
[tex]\[ 450 + 150 = 600 \][/tex]
Then, add the fourth amount:
[tex]\[ 600 + 75 = 675 \][/tex]
Followed by the fifth amount:
[tex]\[ 675 + 25 = 700 \][/tex]
Finally, add the sixth amount:
[tex]\[ 700 + 300 = 1000 \][/tex]
So, the total budgeted expenses add up to [tex]$1000. This means the income needed to cover all these expenses would be at least $[/tex]1000.
Thus, the correct answer is:
a. The income would need to be at least $1000.
1. Rent: [tex]$350 2. Utilities: $[/tex]100
3. Food: [tex]$150 4. Entertainment: $[/tex]75
5. Bus Pass: [tex]$25 6. College Savings: $[/tex]300
Now, let's sum these values step by step:
[tex]\[ 350 \, (\text{Rent}) + 100 \, (\text{Utilities}) + 150 \, (\text{Food}) + 75 \, (\text{Entertainment}) + 25 \, (\text{Bus Pass}) + 300 \, (\text{College Savings}) \][/tex]
Start by adding the first two numbers:
[tex]\[ 350 + 100 = 450 \][/tex]
Next, add the third amount:
[tex]\[ 450 + 150 = 600 \][/tex]
Then, add the fourth amount:
[tex]\[ 600 + 75 = 675 \][/tex]
Followed by the fifth amount:
[tex]\[ 675 + 25 = 700 \][/tex]
Finally, add the sixth amount:
[tex]\[ 700 + 300 = 1000 \][/tex]
So, the total budgeted expenses add up to [tex]$1000. This means the income needed to cover all these expenses would be at least $[/tex]1000.
Thus, the correct answer is:
a. The income would need to be at least $1000.