Mr. jones has a monthly income of $5,600. he wants to identify his monthly variable expenses to see if they are more than 38% of his monthly income. mr. jones has fixed expenses totaling $2,912 and his net income is 12% of his monthly income. determine the total of mr. jones's variable expenses and if they are more than 38% of his monthly income.
a. mr. jones's variable expenses total $672 and do not exceed 38% of his monthly income.
b. mr. jones's variable expenses total $2,688 and do exceed 38% of his monthly income.
c. mr. jones's variable expenses total $3,584 and do exceed 38% of his monthly income.
d. mr. jones's variable expenses total $2,016 and do not exceed 38% of his monthly income.