A high school teacher earns an average bi-weekly net pay of $1,541.65. Which compound inequality correctly shows the amount of money, m, the teacher can spend if the monthly budget for transportation is between 15% and 20%?
$501.04 ≤ m ≤ $668.05
$462.50 ≤ m ≤ $616.66
$334.02 ≤ m ≤ $501.04
$231.25 ≤ m ≤ $308.33