The annual salary of Mr. King would be $41400 per year to meet their standard of the living option (C) would be correct.
What are monthly expenses?
It is defined as the expenses incurred by a single entity on monthly basis, it consists of basic utilities, food, etc.
We have expenses shown in the table:
Sum of the all expenses:
= $1400+$800+$200+$450+$200+$400
= $3450 per month
= $3450×12
= $41400 per year
Thus, the annual salary of Mr. King would be $41400 per year to meet their standard of living.
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