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9. The Brandon household has a monthly income of $5,630 on which to base their budget. They plan to save 10 percent and spend 32
9. The Brandon household has a monthly income of $5,630 on which to base their budget. They plan to save 10 percent and spend 32 percent on fixed expenses and 56 percent on variable expenses. ( LO2.3) a. What amount do they plan to set aside for each major budget section? Savings $ Fixed expenses $ Variable expenses: b. After setting aside these amounts, what amount would remain for additional savings or for paying off debts? 10. Fran Powers created the following budget and reported the actual spending listed. Calculate the variance for each of these categories, and indicate whether it was a deficit or a surplus. ( LO2.3)
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