7
QuizMultiple Choice

Topic Test

Question 7 • POP Financial Math 26/27

Predict how much money can be saved without having a negative actual net income.Monthly BudgetBudgeted AmountActual AmountIncome Wages$1025$675Expenses Rent Utilities Food Cell Phone Savings $300$100$175$75$300$300$100$200$75$____Net Income$75$____

Answer
A
It is not possible to save any money this month without having a negative actual net income.
B
$350 can be saved resulting in an actual net income of $0.
C
$200 can be saved resulting in an actual net income of $75.
D
Because there is a $75 budgeted net income, that $75 can be put towards savings.

Explanation

Add the actual expenses other than savings: $300 + $100 + $200 + $75 = $675. That equals the actual income of $675, leaving $0 available for savings while keeping actual net income at or above zero. Saving any amount would make actual net income negative, so the correct choice is that it is not possible to save money this month.

AI-written and checked against the verified answer.

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