Predict how much money can be saved without having a negative actual net income. Monthly Budget Budgeted Actual Amount
Amount
Income
Wages
$1025
$675
Expenses
Rent
$300
$300
Utilities
$100
$100
Food
$175
S200
Cell Phone
$75
$75
Savings
$300
$
Net Income
$75
$
a. It is not possible to save any money this month without having a negative actual net income.
b. $350 can be saved resulting in an actual net income of $O.
C. $200 can be saved resulting in an actual net income of $75.
d. Because there is a $75 budgeted net income, that $75 can be put towards savings.