Each month cameron budgets $1040 for fixed expenses $980 for living expenses and $120 for annual expenses his annual net income is $24,132. Which statement best describes his monthly budget?

A. It shows a deficit of $129

B. it shows a surpus of $129

C. It shows a deficit of $9

D. it is Balanced

Question

Mathematics

Ashly Medina

13 July, 09:54

Each month cameron budgets $1040 for fixed expenses $980 for living expenses and $120 for annual expenses his annual net income is $24,132. Which statement best describes his monthly budget?

A. It shows a deficit of $129

B. it shows a surpus of $129

C. It shows a deficit of $9

D. it is Balanced

+4

Answers (1)

Know the Answer?

Genevieve Combs · Answer 1

Let us first find how much he is spending every year, to do this let's find his monthly expense and multiply it by 12.

Every month Cameron spends 1040 + 980 + 120 = 2140

To find out how much he spends yearly, multiply the monthly value by 12,

2140 x 12 = 25680

This value is more than his net income so he clearly has a surplus, but to check we can subtract 129 from every month to get:

(1040 + 980 + 120 - 129) = 2011

2011 x 12 = 24132, which shows that his budget is saving 129 surplus every month. Choice B is correct.

Each month cameron budgets $1040 for fixed expenses $980 for living expenses and $120 for annual expenses his annual net income is $24,132. Which statement best describes his monthly budget?A. It shows a deficit of $129B. it shows a surpus of $129C. It shows a deficit of $9D. it is Balanced

Each month cameron budgets $1040 for fixed expenses $980 for living expenses and $120 for annual expenses his annual net income is $24,132. Which statement best describes his monthly budget?

A. It shows a deficit of $129

B. it shows a surpus of $129

C. It shows a deficit of $9

D. it is Balanced