Question

Karen budgets $940 each month for fixed expenses. What percent of her net monthly income is that if she nets $1740 semimonthly

Answer 1

$1,740 semimonthly? should be $3,480

Answer 2

Semimonthly means twice a month, so 1740 x 2 = 3480
940/3480 = 0.270
0.270 x 100 = 27%