Question

In the office episode, Michael has a surplus. A surplus is the extra, left over money or products. If you had a budget of $7000 for the year, and you spent $350 per month, what would your surplus be at the end?

Answer 1

To determine the annual surplus of a $7000 budget with a monthly expense of $350, multiply the monthly expense by 12 to find the total expenditure, and subtract that from the budget, resulting in a surplus of $2800.

Step-by-step explanation:

To calculate the surplus for a budget of $7000 for the year with a spending of $350 per month, you would follow these steps:

1. Multiply the monthly spending by the number of months in a year to get the total annual expenditure. So, $350/month × 12 months = $4200.
2. Subtract the total annual expenditure from the annual budget to find the surplus. So, $7000 - $4200 = $2800.

Therefore, the surplus at the end of the year would be $2800.