Question

Go through your bank statement (or income and expense records) for the past three months and identify five anticipated income/expense items and five unanticipated income/expense items.

Answer 1

(Answers may vary.)

Anticipated income or expenses are the probable income or expenses expected in the future. After analyzing my bank statement for the past three months, there were five anticipated income or expenses in my account.

Anticipated income: monthly salary and income received from selling handmade decorative items

Anticipated expenses: rent, installment payments for my laptop, and tuition fees

Unanticipated income or expenses are any gains or loss of income that is not expected.

Unanticipated income: income received from a winning lottery ticket and money sent as a gift by my uncle

Unanticipated expense: money transferred to my friend’s account, payment for a new cell phone (I lost my previous one), and payment for repairing damage from leakage in my apartment due to heavy rains

Explanation: edmentum sample answer

Answer 2

Anticipated income/expenses falls in the category of what is expected by the individual while the unanticipated involves impromptu expenses.

The five anticipated income/expense items include

1. Salary

2.Food items shopping

3.Medical check ups

4.Transportation

5.Internet

The five unanticipated income/expense items include:

1. Drug purchase

2.Phone Repair

3. Loss replacement

4. Bike repair

5.Medical bill.