Answer: D) It is balanced.
Step-by-step explanation:
Since, Annual net income = $ 30,480,
⇒ His monthly net income = 30480/12 = 2540,
Every month, Chelsea budgets $1560 for fixed expenses, $920 for living expenses, and $60 for annual expenses.
Thus, his total expenditures for a month = 1560 + 920 + 60
= $ 2540,
Since, Total income of a month = total expenditure for a month
⇒ His monthly budget is balanced.
⇒ Option D is correct.
