Question
Use the following information to answer the question that follows about Donald. Item Budget Actual Difference Income $9950 $9950 Rent $1960 $1960 Utilities $900 $720
Use the following information to answer the question that follows about Donald.
| Item | Budget | Actual | Difference | ||||
|---|---|---|---|---|---|---|---|
| Income | $9950 | $9950 | |||||
| Rent | $1960 | $1960 | |||||
| Utilities | $900 | $720 | |||||
| Taxes | $2980 | $3095 | |||||
| Transportation | $550 | $730 | |||||
| Food at Home | $425 | $345 | |||||
| Food Away from Home | $490 | $800 | |||||
| Debt Payments | $1440 | $1440 | |||||
| Savings | $1205 | $855 | |||||
| Total Expenses | |||||||
| Surplus/Deficit |
Given Donalds monthly budget and his actual income and expense information, which of the following statements is true?
A. Donald ran a $1035 deficit for the month.
B. Donald ran a $5 surplus for the month.
C. Donald ran a $1035 surplus for the month.
D. Donald ran a $-5 deficit for the month.
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
