According to the updated budget, the net income should be at least $2100.
A budget is an estimated strategy for a certain timeframe, mostly one year. Additionally, projected material amounts, expenditures, liabilities, holdings, responsibilities, and working capital may be included.
The following list explains why the figures shown above are accurate:
The factors for the costs in the previous budget are;
Net income =$1,850.00
Cost of rent =$600
Gas, vehicle payment, and insurance together = $475.
Cost of phone, online world, and utility companies = $230.
Cost of grocery stores= $300
Cost of amusement= $50
Cost of homeowners insurance = $20.
$75 has been set aside for recreational expenditures.
Net monthly savings = $100.
Modifications to the spending plan:
$50 is the allotted sum for a computer system.
Monthly net savings = $300
∴Savings increases= $300-$100=$200
Previous net income+ cost of computer system+ 200(extra savings than previous)
= $(1850+50+200)
=$2100
So,Net earnings = $2,100
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