QuestionAugust 22, 2025

You have a monthly income of 4,000 You plan to follow the 50/30/20 rule for budgeting. How much of your monthly income should be going towards needs? Choose 1 answer: A 800 B 1,200 C 1,600 D 2,000

You have a monthly income of 4,000 You plan to follow the 50/30/20 rule for budgeting. How much of your monthly income should be going towards needs? Choose 1 answer: A 800 B 1,200 C 1,600 D 2,000
You have a monthly income of 4,000
You plan to follow the 50/30/20 rule for
budgeting.
How much of your monthly income should
be going towards needs?
Choose 1 answer:
A 800
B 1,200
C 1,600
D 2,000

Solution
4.6(197 votes)

Answer

D \ 2,000 Explanation 1. Identify the percentage for needs According to the 50/30/20 rule, 50% of income goes towards needs. 2. Calculate the amount for needs Multiply monthly income by 50%: 4000 \times 0.50 = 2000.

Explanation

1. Identify the percentage for needs<br /> According to the $50/30/20$ rule, 50% of income goes towards needs.<br />2. Calculate the amount for needs<br /> Multiply monthly income by 50%: $4000 \times 0.50 = 2000$.
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