True or False: To remedy a short-term budget surplus, shift additional income to a month where a deficit exists. O False O True True or False: In situations where an annual budget deficit exists, cutting expenses from the budget is optimal. O False True 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 Greg is a sales rep who, based on last year, averaged $2,000 of monthly commission before taxes. He should include this in his budget. Stacy was just notified that her contribution to the company's health plan is increasing by 3.5%. It's a company expense, so Stacy doesn't include it in her budget. As Stan was reconciling his checkbook, he realized that he incurred $18 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. Every year the Newmans buy a big item or take a trip with a single annual bonus Tracy receives. They included this in their budget