contestada

You are putting together your first post-graduation budget. Your take-home or net pay will
be $2,500 per month. You estimate your monthly costs to be rent of $800, car payment of
$350, car insurance of $150, car maintenance of $50, entertainment of $500, food expense of
$250, cable bill of $75, mobile phone of $100, student loan payment of $100 and other
expense of $300. How would you describe your budget after analyzing all of your income and
expenses?
A. You have a surplus of $175
B. You have a deficit of $175
C. You have a deficit of $2,675
D. You have a surplus of $2,500

You are putting together your first postgraduation budget Your takehome or net pay will be 2500 per month You estimate your monthly costs to be rent of 800 car class=

Respuesta :

Answer:

B) you have a deficit of 175

Step-by-step explanation:

Add up all of your costs per month and subtract that from your net pay.

ie: 2500-2675=-175

Since the answer is negative, and you don't make the extra $175 dollars needed to cover all your costs, it is a deficit.

If you made $2675 a month and your total expenses were 2500, then you would have a surplus of $175. Because it is money that you still have and don't need to use for anything specific.

Otras preguntas