Question

Item 3

Each month, Madison budgets $624 for fixed expenses, $520 for living expenses, and $40 for annual expenses. Her annual net income is $26,556.

Which statement best describes her monthly budget?


It shows a deficit of $1029.

It shows a surplus of $1029.

It shows a surplus of $2069.

It is balanced.

Answer 1

It shows a surplus of $1029.

Answer 2

Shows a surplus of 1029

Step-by-step:

624 + 520 + 40 x 12= 14,208

26,556 - 14,208 = 12,348 / 12 = 1,029.

Meaning she has an extra 1,029$ a month.