monthly budget, budgeted amount, actual amount, income, wages, $1150, $900, savings interest, $25, $25…

monthly budget, budgeted amount, actual amount, income, wages, $1150, $900, savings interest, $25, $25, expenses, rent, $400, $400, utilities, $100, $80, food, $250, $200, cell phone, $75, $75, savings for car, $200, $200, net income, $30. what is the actual net income for the month? what, if any, changes would have improved the budget for the month? a. the actual net income for the month is -$30. no changes to the budget are necessary. b. the actual net income for the month is $30. no changes to the budget are necessary. c. the actual net income for the month is $30. more money could have been spent on food.

monthly budget, budgeted amount, actual amount, income, wages, $1150, $900, savings interest, $25, $25, expenses, rent, $400, $400, utilities, $100, $80, food, $250, $200, cell phone, $75, $75, savings for car, $200, $200, net income, $30. what is the actual net income for the month? what, if any, changes would have improved the budget for the month? a. the actual net income for the month is -$30. no changes to the budget are necessary. b. the actual net income for the month is $30. no changes to the budget are necessary. c. the actual net income for the month is $30. more money could have been spent on food.

Answer

Explanation:

Step1: Calculate actual income

Actual income = Wages + Savings Interest = $900 + $25 = $925

Step2: Calculate actual expenses

Actual expenses = Rent + Utilities+ Food + Cell Phone + Savings for Car = $400 + $80+ $200 + $75 + $200 = $955

Step3: Calculate actual net - income

Actual net - income = Actual income - Actual expenses = $925 - $955=-$30

Answer:

The actual net income for the month is -$30. No changes to the budget are necessary.