Basic HTML Version
Q
uantitative
R
easoning &
P
roblem
S
olving
390
© 2014 Pacific Crest
5. In Jose’s family, the cell phone plan costs $130 per month; internet service is $45 per month; cable
TV is $78 per month. The family has budgeted 5% of their income for technology costs. What
monthly income must the family have in order to be able to afford this technology?
6. Some budget forms are very detailed, having perhaps as many as 50 line items (categories and sub-
categories), while others are very condensed, with maybe only 10 main items or so. What are the
advantages and disadvantages of each approach to budgeting?
A
Successful Performance
Successful application of your learning looks like this
As you begin to apply what you’ve learned, you should have a good idea of what success looks like.
A SUCCESSFUL
PERFORMANCE
I create a family budget. I...
●
Demonstrate a high degree of conceptual understanding as indicated by my answers
to the Critical Thinking Questions
●
Select appropriate and sufficient categories and sub-categories
●
Ensure that there is appropriate balance among categories with total expenses not
exceeding income