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1 September, 13:06

Each month, Jackie budgets $1640 for fixed expenses, $1320 for living expenses, and $260 for annual expenses. Her annual net income is $38,640. Which statement best describes her monthly budget? It shows a deficit of $260. It shows a surplus of $260. It shows a deficit of $210. It is balanced.

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  1. 1 September, 13:30
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    Step-by-step explanation:

    Jackie's annual net income is $38,640. This is the income after all other annual expenses has been deducted. This means that his annual expenses of $260 has been deducted already. There are 12 months in a year. This means that her monthly income would be 38640/12 = $3220

    Each month, Jackie budgets $1640 for fixed expenses, $1320 for living expenses. Her total expenses for each month will be 1320 + 1640 = 2960. The statement best describes her monthly budget will be her monthly income - her monthly expenses. It becomes 3220 - 2960 = $260

    Therefore, It shows a surplus of $260.
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