Question

Household

Medical
Entertainment
Loans
Insurance
Personal
Misc.

$850
$210
$50
$43.12
$0
$125
$78
$62
Totals:
$1,060
$50
$43.12
$0
$125
$78
$62

You recorded the actual expenses you incurred for a previous month in the above table. Determine your monthly budget based on the expenses given.
a.
$1,418.12
c.
$1,153.12
b.
$1,278.12
d.
$1,110.12

Answer 1

the answer is $1418.12

Explanation:

Answer 2

Option a. 1,418.12 would be correct.

Explanation:

You recorded the actual expenses you incurred for a previous months in the given table.

To determine your monthly budget we calculate actual expenses of previous months.

Expenses Amount ($) Total

Household 850.00 1060.00

Medical 210.00

Entertainment 50.00 50.00

Loans 43.12 43.12

Insurance 125.00 125.00

Personal 78.00 78.00

Misc. 62.00 62.00

Total amount $1,418.12

Therefore your monthly budget is $1,418.12 based on the expenses given.