Drop down options are Long term, short term, one-time

True or False: To remedy a short-term budget surplus, shift additional income to a month where a deficit exists. O True O False True or False: In situations where an annual budget deficit exists, cutting expenses from the budget is optimal. O True O False Budgeting Examples For each of the following scenarios, indicate whether the individual made a correct choice or an incorrect choice when preparing a budget. Correct Choice Incorrect Choice Nathan is a sales rep who, based on last year, averaged $2,200 of monthly commission before taxes. He should include this in his budget. a Stella was just notified that her contribution to the company's health plan is increasing by 3.5%. It's a company expense, so Stella doesn't include it in her budget. As Sam was reconciling his checkbook, he realized that he incurred $13.25 last month for ATM withdrawals. He looked back at the last six months and realized that he averaged the same amount each month. This is an unexpected expense and shouldn't be listed in his budget. o trip with a single annual bonus Barb receives. They included this in their Every year the Wus buy a big item or take budget