Question

Will give 100 points !!!!!!! Due today!!! A family creates a monthly budget based on their combined wages and expenses for one month. Complete the budget

by choosing the correct option for each cell labeled A through E.

Answer 1

Explanation:

Budgeted Income $ Actual Income $ Difference

Wages $2,500.00 Wages $2,650.00 $150.00

Total Budgeted Wages $2,500.00 Total Actual Income $2,650.00 $150.00

Budgeted Expenses $ Actual Expenses $ Difference

Food $525.00 Food $500.00

A.

Credit Card $100.00 Credit Card $100.00 $0.00

Field Trips $0.00 Field Trips $15.00 -$15.00

Gas $150.00 Gas $120.00 $30.00

Clothing $0.00 Clothing $80.00

B.

Gifts $100.00 Gifts $20.00 $80.00

Entertainment $100.00 Entertainment $65.00

C.

Mortgage Payment $1,080.00 Mortgage Payment $1,080.00 $0.00

Utility Bills $160.00 Utility Bills $140.00 $20.00

Car Payment $225.00 Car Payment $225.00 $0.00

Car Insurance $157.00 Car Insurance $157.00 $0.00

Total Budgeted Expenses $2,597.00 Total Actual Expenses $2,502.00 $95.00

Surplus/Shortage D. Surplus/Shortage

E.

$245.00