3
QuizMultiple Choice
Personal Budget
Question 3 • (Kapuschinsky)WCA 3424 Consumer Applications 1st nine weeks 26-27
Predict how much money can be saved without having a negative actual net income. Monthly Budget Budgeted Amount Actual Amount Income Wages Savings Interest $1150 $25 $900 $25 Expenses Rent Utilities Food Cell Phone Savings $400 $100 $250 $75 $200 $400 $80 $200 $75 $____ Net Income $150 $____
Answer
A
It is not possible to save any money this month without having a negative actual net income.B
$170 can be saved resulting in an actual net income of $0.C
$200 can be saved resulting in an actual net income of $150.D
As long as you are saving money, you will not have a negative actual net income.