Answer:
Step-by-step explanation:
Income tax = 9.8%
Housing = [tex]\frac{11400}{48900}\times 100[/tex]
= 23.3%
Food = [tex]\frac{7800}{48900}\times 100[/tex]
= 16.0%
Clothing = [tex]\frac{900}{48900}\times 100[/tex]
= 1.8%
Transportation = [tex]\frac{6000}{48900}\times 100[/tex]
= 12.3%
Insurance and medical = [tex]\frac{14400}{48900}\times 100[/tex]
= 29.5%
Entertainment = [tex]\frac{1200}{48900}\times 100[/tex]
= 2.5%
Emergency funds = [tex]\frac{600}{48900}\times 100[/tex]
= 1.2%
Savings for college = [tex]\frac{600}{48900}\times 100[/tex]
= 1.2%
Savings for retirement = [tex]\frac{1200}{48900}\times 100[/tex]
= 2.5%
Total = 100%
