Lizette budgets \( \$ 375 \) each month for foxed expenses. What percent of her income is that amount if she nets \( \$ 1536 \) each month? \( 21 \% \) \( 24 \% \) \( 32 \% \) \( 40 \% \)

To find the percentage of Lizette's income that is allocated for fixed expenses, we need to calculate the percentage of her net income that is \( \$375 \). Given: - Fixed expenses = \( \$375 \) - Net income = \( \$1536 \) To find the percentage, we can use the formula: \[ \text{Percentage} = \left( \frac{\text{Fixed expenses}}{\text{Net income}} \right) \times 100 \] Substitute the given values into the formula: \[ \text{Percentage} = \left( \frac{375}{1536} \right) \times 100 \] Now, we can calculate the percentage. Calculate the value by following steps: - step0: Calculate: \(\left(\frac{375}{1536}\right)\times 100\) - step1: Reduce the fraction: \(\frac{125}{512}\times 100\) - step2: Reduce the numbers: \(\frac{125}{128}\times 25\) - step3: Multiply: \(\frac{125\times 25}{128}\) - step4: Multiply: \(\frac{3125}{128}\) The percentage of Lizette's income that is allocated for fixed expenses is \( 24\% \) or \( 24.4140625\% \). Therefore, the correct answer is \( 24\% \).