6
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Budgeting and Being a Smart Consumer

Question 6 • SC-Personal Finance

You allow for 5% of your net pay of $2,989.12 to be budgeted for medical expenses. This would be

Answer
A
$31.49
B
$49.46
C
$105.29
D
$149.46

Explanation

Find 5% of $2,989.12 by multiplying by 0.05: $2,989.12 × 0.05 = $149.456. Rounded to the nearest cent, that is $149.46, so the correct choice is $149.46.

AI-written and checked against the verified answer.

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