Question

PLEASEEEEEE HELPPPPP

Answer 1

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.

Answer 2

A) It shows a surplus of $60.