What is the total of your parents' monthly fixed expenses?

| Expense | Amount |
|-------------------------------|-----------|
| Rent | [tex]$998.50 |
| Groceries (bi-weekly) | $[/tex]195.40 |
| Charge card | [tex]$258.90 |
| Cell phone | $[/tex]65.78 |
| Name brand khakis for work | [tex]$34.95 |

A. $[/tex]1,713.98
B. [tex]$1,518.69
C. $[/tex]1,748.13
D. $1,553.53



Answer :

To determine the total of your parents' monthly fixed expenses from the provided data, let's break it down step-by-step:

1. Rent: The monthly rent cost is \[tex]$998.50. 2. Groceries: The expense for groceries is given as bi-weekly (every two weeks) at \$[/tex]195.40. Since there are approximately 4 weeks in a month, you would multiply the bi-weekly grocery cost by 2 to get the monthly cost:
[tex]\[ \text{Monthly Groceries} = 195.40 \times 2 = 390.80 \][/tex]

3. Charge Card: The monthly charge card expense is \[tex]$258.90. 4. Cell Phone: The monthly cell phone bill is \$[/tex]65.78.

5. Khakis for Work: The monthly expense for name brand khakis for work is \[tex]$34.95. Next, we add up all these monthly expenses: \[ \begin{align*} \text{Total Expenses} & = \text{Rent} + \text{Monthly Groceries} + \text{Charge Card} + \text{Cell Phone} + \text{Khakis for Work} \\ & = 998.50 + 390.80 + 258.90 + 65.78 + 34.95 \\ & = 1,748.93 \end{align*} \] Hence, after summing up all the monthly expenses, we find that the total fixed monthly expenses are exactly \$[/tex]1,748.93. This corresponds to the correct answer choice, which closely precisely aligns with:

[tex]\[ \$ 1,748.13 \][/tex]

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