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Budget annually for utilities

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When making a budget, a recommended goal is to spend 10% on utilities. In reality, household spending depends on economic levels. Households with incomes from $15,000 to $20,000 spend over 11% on utilities. Households with incomes from $50,000 to $70,000 spend 8.2% on utilities, while households with incomes above $150,000 spend only 4.8%on utilities. The McKinneys' annual income is $65,000 How much should they budget annually for utilities? Enter the answer as a whole dollar amount, such as $200.

Reference no: EM132481497

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