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coldgirl [10]
2 years ago
12

You are putting together your first post-graduation budget. Your take-home pay will be $2,500 per month. You estimate your month

ly costs to be rent of $800, car payment of $350, car insurance $150, car maintenance of $50, entertainment of $500, food expense of $250, mobile phone of $75, student loan payment of $225, and other expense of $300. How would you describe your budget after analyzing all of your income and expenses
Business
1 answer:
Mamont248 [21]2 years ago
8 0

Based on your pay and expenses, your budget can be described as having a deficit of <u>$175.</u>

<h3>Why is your budget a deficit?</h3>

Deficits occur when expenses are greater than income. The deficit here can be found as :

= Income - Rent - Car payment - Car insurance - Car maintenance - Entertainment - Food - Mobile phone - student loan payment - Other expense

Solving gives:

= 2,500 - 800 - 350 - 150 - 50 - 500 - 250 - 225 - 300

= -$175

In conclusion, the budget has a deficit of $175.

Find out more on deficits at brainly.com/question/26010226.

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This year Mary received a $600 refund of state income taxes that she deducted on her tax return last year. Mary included a total
Mariulka [41]

Answer:

$600

Explanation:

If instead of itemizing, Mary had elected the standard deduction last year, then she wouldn't have to include any state income tax refund on her current gross income. But since she itemized her deductions and actually deducted these $600 from her gross income last year, she must include them in he current gross income.

5 0
2 years ago
The name for computations that allow you to determine how much money to deposit now to earn a desired amount in the future is
nydimaria [60]

Answer:

Future value

Explanation:

The name for computation that allows you to determine how much money to deposit now to earn a desired amount in the future is "Future value." Future value is the equivalent of an asset at a particular date. It estimates specific nominal future sum of cash that an invested sum of money is "worth" at a stipulated period in the future considering a specific interest rate, or more commonly, rate of interest; it is the immediate price multiplied by the aggregation function.

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3 years ago
______________ are enacted when discontented sellers, feeling that prices are too low,appeal to legislators to keep prices from
TEA [102]

Answer: Price Ceilings

Price Ceilings are usually controlled by the Government and their main use is to keep prices up. Sometimes a customer will switch to other goods and that person that wants there item bought the price will get lower to attract more customers. In this case, they want to keep the prices from falling - therefore, it would be Price Ceilings.

6 0
3 years ago
_____ is a classic management tool that incorporates the idea of scanning elements such as strengths, weaknesses, opportunities,
IRINA_888 [86]

Answer:

The correct answer is E

Explanation:

SWOT analysis stands for Strength, Opportunities, Threats and Weaknesses analysis, is defined or described as the framework which is used for analyzing as well as identifying the factors of the external and the internal, which have an impact on the product, person or product viability.

So, the SWOT is the one which is a classic management tool or technique which incorporates the elements of the scanning.

4 0
3 years ago
While designing a website, a(n) _____ allows you to identify the specific amount of space used on a particular page before it co
MrRa [10]
A wireframe would be useful in designing a web page since it would determine the specific amount of space to be allotted for the content to be placed. In addition, it serves as a schematic blueprint which functions as a layout for arranging the elements you want to put on the website.
3 0
3 years ago
Read 2 more answers
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