Use the words listed below to fill in the blanks. Each word is used once. expenditure surplus
month deficit
deficit budget borrow
subtotals total discretionary opening income
net
Moira is preparing a
First she estimates total
for her household for the first three months of the year.
for each month. Next she estimates fixed, irregular and
expenditure for each month and calculates
for each type
expenditure for
of expenditure. By adding the three subtotals she estimates
each month.
Moira then calculates the
cash for each month by subtracting total
from total income. She adds
cash (which is the money
available at the start of each month) to net cash to find the closing cash for each
If income is greater than expenditure, Moira will have a budget
On the other
hand, if income is less than expenditure, she will have a budget
If this occurs,
she can either increase her income, reduce her expenditure or
some money.

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received. c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.