Question

Jeff has a net spendable income of $1,450 per month. What is the maximum amount of money Jeff should plan to spend on his transportation budget?

Answer 1

This depends on what else he has to consider when he is making his budget (ex. Food, clothes, shelter). Realistically, I think it would cost around $225 if he owns a car and drives a lot. If he take public transit, his budget shoukd be around $125

Answer 2

A possible answer could be:

$290. Jeff should spend no more than 20% of his net spendable income on transportation.

To find 20% of 1,450, multiply 0.20 by 1,450.

1,450 × 0.20 = 290