Answer:
Monthly share ≈ $625
Explanation:
To find the monthly share for annual expenses, you need to divide the total annual expenses by the number of months in a year.
Given:
Annual expenses = $7,500
Since there are 12 months in a year, we divide the annual expenses by 12 to get the monthly share:
Monthly share = Annual expenses / 12
Monthly share = $7,500 / 12
Monthly share ≈ $625
Therefore, the monthly share for the annual expenses of $7,500 is approximately $625.