## Related questions with answers

Question

The Tracer family expects their income next year to be $81,500. Assume that they budget the same percents for each expense category as the y did last year. Show the percent, rounded to the nearest half percent, and the amount of money they will spend during the year for each of the following.

Miscellaneous

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 6We are to find the **percentage** of the total Miscellaneous payment compared to the Tracer Family's total cash receipts if they budget the same percentage last year with their new budget this year, rounding out to the nearest half-percent. We then calculate this amount given the percentage that we will find.

*How should we go about finding the amount of money spent in comparison to their total cash receipts?*

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