Jamie Lee is reviewing her finances one month later. She has provided the actual amounts paid below. Use the cash budget table below to help her identify the variances in her budget. Each answer must have a value for the assignment to be complete Enter "o" for any unused categories Actual Amounts Income: Monthly expenses Gross monthly salary $2225 Rent obligation $295 Net monthly salary $1660 Utilities electricity $100 Savings allocation: Utilities/water $35 Regular savings $150 Utilities/cable TV $95 Rainy day savings $25 Food $145 Entertainment Gas maintenance $150 Cake decorating class $35 Credit card payment $25 Movies with friends $50 Car Insurance $60 Clothing $150 Budgeted Amounts Assets: Monthly Expenses: Checking account $1250 Rent obligation $275 Emergency fund $3,100 Untes electricity $80 Savings account Car $4,000 Uites/water $45 Computer & iPad $500 Uulites/cable TV $60 Llabilities: Food $120 Student loan $5,400 Gas/maintenance $100 Credit card balance $400 Credit card payment $50 Income: Car Insurance $50 Gross monthly salary $2125 Clothing $50 Net monthly salary 51,560 Entertainment Savings allocation Cake decorating class $35 Regular savings $150 Movies with friends $50 Rainy day saving $25 Budgeted Amounts Income (inflows) Dollar $ 1,560 Salary Other Percent 100% 0 Actual Amounts Variance 5 1.660S (100) $ 0 Income (Inflows) $ Salary Other Toral income Budgeted Amounts Actual Dollar Percent Amounts Variance 1.560 100% 1.660 S (100) 096 5 0 1,560 100% $ 1,660 $ (100) $ Budgeted Amounts Disbursements (Outflows) Dollar Percent Actual Amounts Variance 5 3,031 3,100 150 198.729 s 9.62%'$ 69 $ 255 S 9 S 1,275 4,525 8173% $ 290.07% 5 175 S 269 $ 125 1.100 4.256 5 S 0 s 0 $ 0 0.0096 0.00% 0.0096 0.00% 0.00% 0.00% $ 0 $ 0 $ 0 $ 0 $ 0 Emergency fund savings Emergency fund Savings (regular) Savings Total savings Fixed expenses Mortgage or rent Property taxes Loan/credit card payment Insurance Other Total foxed expenses Variable expenses Food Utilities Clothing Transportation costs Personal care Medical and health care Entertainment Education Gifs/donations Miscellaneous Other Total VAADA $ S S 0.0096 0.00% 0.0096 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% $ S S 0 S 5