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Use the following information to answer the following question about John. Item Budget Actual Difference Income $9,000 $9,000 Rent $2,000 $2,000 Utilities $1,000 $800 +200

Use the following information to answer the following question about John.

Item

Budget

Actual

Difference

Income

$9,000 $9,000

Rent

$2,000 $2,000

Utilities

$1,000 $800 +200

Taxes

$3,000 $3,100 -100

Transportation

$500 $700 -200

Food at Home

$400 $300 +100

Food Away from Home

$500 $800 -300

Debt Payments

$1,200 $1,200

Savings

$400 $25
TOTAL EXPENSES
SURPLUS/DEFICIT

Which of the following is true?

A. John is doing a good job managing his resources according to his budget.

B. While John did exceed his budget, he is financially stable because of his excess savings.

C. John is doing a poor job managing his resources given the monthly deficit in spending.

D. Although John did not exceed his budget, he was not able to save as much as projected.

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