Respuesta :
From the information available, we have Traci's monthly budget as follows;
[tex]\begin{gathered} \text{Fixed exp}=770 \\ \text{Living exp}=530 \\ \text{Total monthly budget}=1300 \end{gathered}[/tex]If her net annual income is $16752, then her monthly income would be;
[tex]\begin{gathered} \text{Annual income}=16752 \\ \text{Monthly income}=\frac{Annual\text{ income}}{12} \\ \text{Monthly income}=\frac{16752}{12} \\ \text{Monthly income}=1396 \end{gathered}[/tex]To determine if the monthly budget is balanced, surplus or deficit, we shall find the difference between budgeted amount and actual income.
If both figures are equal, we have a balance
If the income is higher than the budget, we have a surplus
If the income is lesser than the budget, we have a deficit.
The income here is $1,396 and this is higher than the budget which is, $1,300. Therefore we would have;
[tex]\begin{gathered} \text{Income}-\text{Budget}=1396-1300 \\ \text{Income}-\text{Budget}=96 \end{gathered}[/tex]ANSWER:
Her budget is not balanced.
It shows a surplus of $96
