A rule of thumb for allocating resources is the 50/30/20 rule which states 50 percent of income goes to fixed expenses, 30 percent to variable expenses, and 20 percent to savings. If the Johnson family has $10,000 of income, based on this rule, how much should be dedicated to savings?
a. $1,000
b. $2,000
c. $3,000
d. $4,000
