Question

Each month, Molly budgets $1450 for fixed expenses, $600 for living expenses, and $340 for annual expenses. Her annual net income is $30,480. Which statement best describes her monthly budget?

Answer 1

surplus of 150$

Explanation:

1853.68 + 178. times .249 = ......................owed at the end of the month

1450 +600 + 340 = $2390. * 12= $28 680. annually ..

30480 - 28680 = $1800. surplus at the end of the year divided by 12 = $150.00 monthly surplus

Answer 2

there is a balance

Explanation:

Given that:

Fixed expenses: $1450

Living expenses: $600

$340 for annual expenses $340

Annual net income is $30,480 => monthly income is: $30,480/12 = $2540

The total expenditure for a month is:

Fixed expenses+ Living expenses + annual expenses

= $1450+$600 + $340

= $2540

So there is a balance between monthly income and monthly total

Hope it will find you well.