Question

monthly budget, budgeted, actual amount, income, wages, $1150, $900, savings interest, $25, $25, expenses, rent, $400, $400, utilities, $100, $80, food, $250, $200, cell phone, $75, $75, savings for car, $200, $200, net income, $30, what is the actual net income for the month? what, if any, changes would have improved the budget for the month? a. the actual net income for the month is -$30. no changes to the budget are necessary. b. the actual net income for the month is $30. no changes to the budget are necessary. c. the actual net income for the month is $30. more money could have been spent on food

Explanation:

Step1: Calculate total income

$1150 + 25=1175$

Step2: Calculate total expenses

$400+100 + 250+75+200 = 1025$

Step3: Calculate net - income

$1175-1025 = 150$

The actual net - income calculation in the table is incorrect. Regarding budget improvement, reducing expenses or increasing income can be considered. For example, finding more cost - effective housing (reducing rent) or getting a raise (increasing wages) could improve the budget.

Answer:

The actual net income for the month is $150$. Changes such as reducing rent or increasing wages could improve the budget.