Question

Prorate the following expenses and find the corresponding monthly expense.In filing his income tax, Raul reported annual contributions of $500 to a public radio station, $175 to a public TV station, $200 to a local food bank, and $295 to other charitable organizations.Question content area bottomThe monthly expense is $(Round to the nearest cent as needed.)

Answer 1

Given: Raul reported annual contributions of ​$500 to a public radio​ station, ​$175 to a public TV​ station, ​$200 to a local food​ bank, and ​$295 to other charitable organizations.

Required: To determine the monthly expense.

Explanation: Raul's total annual expense is-

$\text{\ }500+\text{\ }175+\text{\ }200+\text{\ }295=\text{\ }1170$

Now to determine the monthly expense, we need to divide the total annual expense by 12 since there are 12 months in a year-

$\frac{1170}{12}=\text{\ }97.5$

Final Answer: The monthly expense is $97.50