Jay and Jen are married with two children. They are preparing a household budget for the coming year. Based on statistical information for American households, approximately what portion of this family's annual consumption will most likely be budgeted for food and vehicle expenses

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21-06-2022
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Jay and Jen are married with two children. They are preparing a household budget for the coming year. Based on statistical information for American households, approximately what portion of this family's annual consumption will most likely be budgeted for food and vehicle expenses

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nikitavidya0 nikitavidya0 · Answer 1 · 2022-07-01T13:04:49+02:00

The portion of this family's annual consumption will most likely be budgeted for food and vehicle expenses will be one third. Thus option (C) is correct.

What is Budget?

Budget is the measurement of the income and the expenditure for the particular period of the time. Thus it the financial plan for the defined period.

The complete question is attached below.

One third portion must be included for the food and the vehicle expenses in the family's annual budget program. Therefore, the correct option is (C).

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