Joey pays $672 per year in insurance, how mush should he budget monthly for it?A. $112,B. $84C. $56, D. $28The equation y = 1.55x + 110,419 approximates the total cost, in dollars, of raising a child in the united states from birth to 17 years, given the household's annual income, x, Approximately how much would it cost to raise a child from birth to 17 years in a household with an annual income of $54,000?A. $83,700B. $191,419C. $194,119D. $196,316

For the first part, in the question, it is given that , Joey pays $672 per year in insurance .And 1 year = 12 months.It means, Joey pays $672 for 12 months in insurance .So his monthly budget should be[tex] \frac{672}{12} = $ 56 [/tex]Correct option is C .In the second part, it is given that, The equation y = 1.55x + 110,419 approximates the total cost, in dollars, of raising a child in the united states from birth to 17 years, given the household's annual income, x .So when annual income ,x, is 54000, we will get[tex] y=1.55(54000)+110419 = 194119 [/tex]