95
QuizMultiple Choice

Planning for the Cost of College — Unit test

Question 95 • Personal Finance - SC 26-27 (For Credit)

Amy is analyzing a job offer. Amy’s Salary AnalysisAnnual SalaryBenefitsAverage Monthly RentAverage Monthly Utility Costs$48,500401K matched up to $2,500/year,$5,000 in bonuses$1,100$200How much should she expect to pay on rent and utilities each year?

Answer
A
$1,300
B
$2,400
C
$13,200
D
$15,600

Explanation

Add the average monthly rent and utilities: $1,100 + $200 = $1,300 per month. Multiply by 12 months: $1,300 × 12 = $15,600 per year. The correct choice is $15,600.

AI-written and checked against the verified answer.

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