7.Rebecca Wilson budgeted $1,258 for housing and utilities in July. She actually spent $1,174. What is her budget variance?

a $42.0 Deficit

b $84 Deficit

c $1,174 Deficit

d $1,174 Surplus

e $84 Surplus

8. Given the following information, calculate savings ratio percentage. (Round your answer to 2 decimal places.)

Liabilities = $28,500

Liquid assets = $5,700

Monthly credit payments = $1,000

Monthly savings = $680

Net worth = $78,500

Current liabilities = $2,000

Take-home pay = $2,700

Gross income = $4,700

Monthly expenses = $2,840

a 36.31%

b 14.47%

c 2.85%

d 2.01%

e 37.04%