From the information available, we have Traci's monthly budget as follows;

If her net annual income is $16752, then her monthly income would be;

To determine if the monthly budget is balanced, surplus or deficit, we shall find the difference between budgeted amount and actual income.
If both figures are equal, we have a balance
If the income is higher than the budget, we have a surplus
If the income is lesser than the budget, we have a deficit.
The income here is $1,396 and this is higher than the budget which is, $1,300. Therefore we would have;

ANSWER:
Her budget is not balanced.
It shows a surplus of $96