Incremental Budget Wood County uses an incremental approach to budgeting. The 2016 cash budget for the Wood County Department of Motor Vehicles is presented as follows: $12,000 Supplies Temporary and seasonal wages Wages of full-time employees Supervisor salaries 18,400 148,000 37,600 Rent 39,000 Insurance 21,000 23,000 Utilities Miscellaneous 8,800 Contingencies and equipment 28,000 Total $335,800 Required Prepare an incremental cash budget for 2017, assuming the planned total budget increase is 2.5 percent Budget details include a budget increment for salaries and wages of 4 percent, no change in rent, and 2 percent increases in the budget for supplies and miscellaneous. Utility companies have received approvals for rate increases amounting to 4 percent and insurance companies have announced an increase in premiums of 6 percent. (Hint: The Contingencies and equipment 2017 budget is a plug.) Wood County Department of Motor Vehicles Incremental Budget For the Year 2017 Supplies Temporary and seasonal wages Wages of full-time employees Supervisor salaries $ 0 0 Rent Insurance Prepare an incremental cash budget for 2017, assuming the planned total budget increase is 2.5 perce Budget details include a budget increment for salaries and wages of 4 percent, no change in rent, and percent increases in the budget for supplies and miscellaneous. Utility companies have received appre for rate increases amounting to 4 percent and insurance companies have announced an increase in premiums of 6 percent. (Hint: The Contingencies and equipment 2017 budget is a plug.) Wood County Department of Motor Vehicles Incremental Budget For the Year 2017 Supplies Temporary and seasonal wages Wages of full-time employees Supervisor salaries $ Rent 0 Insurance 0 Utilities Miscellaneous 0 Contingencies and equipment 0 Total $ 0 Check