Question

MaryKay wants to identify her monthly variable expenses to see if they are more than 40% of her monthly income. MaryKay's monthly income is $3,800. Her net income is 7% of her monthly income and her fixed expenses are $1,824. Determine the total of MaryKay's variable expenses and if they are more than 40% of her monthly income.

a.
MaryKay's variable expenses total $1,710, which is more than 40% of her monthly income.
b.
MaryKay's variable expenses total $1,976, which is more than 40% of her monthly income.
c.
MaryKay's variable expenses total $266, which is less than 40% of her monthly income.
d.
MaryKay's variable expenses total $1,740, which is more than 40% of her monthly income.

Answer 1

(A) MaryKay's variable expenses total $1,710, which is more than 40% of her monthly income

Answer 2

A becuase 3800 x .07 is 266 then 3800 - 1824 is 1976 so finally you do
1976 - 266 which equals 1710