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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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