Each month, Daniel budgets $1120 for fixed expenses, $600 for living expenses, and $140 for annual expenses. His biweekly net income is $840. Which statement best describes his monthly budget?

It shows a surplus of $40.

It shows a deficit of $40.

It shows a deficit of $180.

It is balanced.

Question

Mathematics

Lauren Mack

3 May, 06:22

Each month, Daniel budgets $1120 for fixed expenses, $600 for living expenses, and $140 for annual expenses. His biweekly net income is $840. Which statement best describes his monthly budget?

It shows a surplus of $40.

It shows a deficit of $40.

It shows a deficit of $180.

It is balanced.

+4

Answers (1)

Know the Answer?

Gunner · Answer 1

So, monthly expenses = 1120+600+140/12 = 1731.667 = 1732

and his monthly income = 840*2 = 1680

so there is a surplus of 52

and I guess the answer will be first one by options you gave!

Each month, Daniel budgets $1120 for fixed expenses, $600 for living expenses, and $140 for annual expenses. His biweekly net income is $840. Which statement best describes his monthly budget?It shows a surplus of $40.It shows a deficit of $40.It shows a deficit of $180.It is balanced.

Each month, Daniel budgets $1120 for fixed expenses, $600 for living expenses, and $140 for annual expenses. His biweekly net income is $840. Which statement best describes his monthly budget?

It shows a surplus of $40.

It shows a deficit of $40.

It shows a deficit of $180.

It is balanced.