1. For Questions 1-5, read the passage below to answer accordingly.
The amount of income that must be considered for grant eligibility is: total monthly income, less $30.00, less 1/3 of the remainder. Determine the amount that must be considered for grant eligibility for the monthly income given (Round to the nearest whole cent).
$234.74
A. $136.49
B. $143.57
C. $157.62
D. $164.96
E. None of the above.