Problem

Budget Allocations. Determine whether the following spending patterns are equal to, above,...

Budget Allocations. Determine whether the following spending patterns are equal to, above, or below the national averages given in Figure 4.1. Assume that salaries and wages are after taxes.

A retired couple (over 65 years old) with a fixed monthly income of $4200 spends $600 per month on health care.

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