Eace month Cameron budgets $1040 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?

Eace month Cameron budgets $1040 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? His expenses come to $24,360 so it is a deficit budget ie the expenses are slightly more than his income to he will have to go slightly into debt each year.