Examine the following budget:
Monthly Budget
Budgeted Amount
Actual Amount
Income
Wages
Savings Interest
$1150
$25
$900
$25
Expenses
Rent
Utilities
Food
Cell Phone
Savings for Car
$400
$100
$250
$75
$200
$400
$80
$200
$75
$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.
d.
The actual net income for the month is -$30. Less money could have been spent on food.
Please select the best answer from the choices provided
