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Looking at the budget, describe how income and expenses changed from the previous year?explain which expenditures changed, which expenditures remained the same, and why. Last

Looking at the budget, describe how income and expenses changed from the previous year?explain which expenditures changed, which expenditures remained the same, and why.

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Last Year's Actual Budget and This Year's Planned Budget Last Year's Actual This Year's Planned Income Spending (Budget 1) Budget (Budget 2) Difference Amount Percent Amount Percent Amount Total Wages After Taxes $25,000 100% $25,000 100% $0 Last Year's Actual This Year's Planned Expenditures Spending (Budget 1) Budget (Budget 2) Difference Amount Percent Amount Percent Amount Housing $8,800 34% $9,700 38% 1$900 Food $4,200 17% $4,600 18% 1$400 Health Care $1,500 6% $1,500 6% $0 Transportation $2,100 9% $2,100 9% $0 Utilities $1,500 6% $1,500 6% $0 Education $2,100 9% $2,100 9% $0 Cell Phone $1,500 6% $1,500 6% $0 Personal Spending $1,000 4% $850 3% 1$150 Entertainment $800 3% $400 2% 1$400 Savings $1,500 6% $750 3% 1 $750 Total $25,000 100% $25,000 100% $25,000

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