Maureen earns $2200 semimonthly, which means she earns [tex]2(2200)=4400[/tex] dollars per month. Now, to find what percent of her net monthly income is $1420, we are going to set up a proportion taking advantage of the fact that $4400 is the 100% of her monthly income:
[tex] \frac{4400----\ \textgreater \ 100}{1420-----\ \textgreater \ x} [/tex]
[tex] \frac{4400}{1420} = \frac{100}{x} [/tex]
[tex] \frac{x}{1420} = \frac{100}{4400} [/tex]
[tex]x= \frac{(100)(1420)}{4400} [/tex]
[tex]x=32.27[/tex]
We can conclude that Maureen budgets $1420 each month for fixed expenses, which is the 32% of her monthly income.
