DessB
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Each month Matthew budgets $1830 for fixed expenses, $1200 for living expenses, and $120 for annual expenses. His annual net income is $36,552. Which statement best describes his monthly budget?

It shows a deficit of $140.
It shows a surplus of $140.
It shows a surplus of $10.
It is balanced.

Respuesta :

Answer: It shows a deficit of $104.

Step-by-step explanation:

Since, If his annual net income is $36,552.

Thus, his monthly budget = 36,552/12 = $ 3046

Also, his total expenditures for a month = 1830 + 1200 + 120 = $ 3150

Since, 3150 > 3046

Hence, his budget is not enough for his expenses,

⇒ The deficit = 3150 - 3046 = $ 104

⇒ It shows a deficit of $104.

abiolataiwo2015

The statement best describes his monthly budget is: It shows a deficit of $104.

Monthly budget

Monthly budget = 36,552/12

Monthly budget= $ 3046

Total expenditures= 1830 + 1200 + 120

Total expenditures= $ 3150

Deficit = 3150 - 3046

Deficit = $ 104

Based on the above calculation the total expenditure is higher that the monthly budget, hence this is a deficit.

Inconclusion the statement best describes his monthly budget is: It shows a deficit of $104.

Learn more about budget deficit here:https://brainly.com/question/26010226

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