Examine the following budget: Monthly Budget

Budgeted Amount

Actual Amount
Income
Wages
Savings Interest

$1150
$25

$900
$25
Expenses
Rent
Utilities
Food
Cell Phone
Savings for Car

$400
$100
$250
$75
$200

$400
$80
$200
$75
$200
Net Income

$30

What is the actual net income for the month? What, if any, changes would have improved the budget for the month?
a.

The actual net income for the month is -$30. No changes to the budget are necessary.
b.

The actual net income for the month is $30. No changes to the budget are necessary.
c.

The actual net income for the month is $30. More money could have been spent on food.
d.

The actual net income for the month is -$30. Less money could have been spent on food.

Please select the best answer from the choices provided

A
B
C
D