Question

Each month Elizabeth budgets $760 for fix expenses, $620 for living expenses, and $80 for annual expenses. Her annual net income is $35,040. Which sentence best describes her monthly budget.

It shows a Deficit of $1255
It shows a surplus of $1255
It shows a surplus of $1460
It is balanced

Answer 1

Explanation:

760+620+80=1460 total monthly expenses.

$32,580 annually divided by 12 months = monthly income of $2,715

2,715-1460=1,255

Her budget shows a surplus of $1,255