Question

Each month, edward budgets $1860 for fixed expenses, $860 for living expenses and $250 for annual expenses. His annual net income is $32,508. Which statement best describes his monthly budget??
It shows a deficit of $180
It shows a surplus of $261
It shows a deficit ot $261
It is balanced

Answer 1

Edward's monthly expenses total 2970. Edward's monthly income amounts to 2709, an amount that is 261 less than his expenses.

The best description of Edward's monthly budget is that ...
  It shows a deficit of $261.