Question

Predict how much money can be saved without having a negative actual net income. monthly budget budgeted amount actual amount income wages savings interest $1150 $25 $900 $25 expenses rent utilities food cell phone savings $400 $100 $250 $75 $200 $400 $80 $200 $75 $____ net income $150 $____
a. it is not possible to save any money this month without having a negative actual net income.



b. $170 can be saved resulting in an actual net income of $0.



c. $200 can be saved resulting in an actual net income of $150.



d. as long as you are saving money, you will not have a negative actual net income.

Answer 1

The amount of money that can be saved without having a negative actual net income is: $170 can be saved resulting in an actual net income of $0.

Explanation:

Predict how much money can be saved without having a negative actual net income.

Monthly Budget  (is an itemized list of expected income and expenses that helps you to plan how the money will be spent or saved and track of spending habits.)

Budgeted Amount  (is an itemized allotment of funds, time for a given period)

Actual Amount  (is the particular year in which the amount is spent)

Income  (business receives in exchange to provide a good /service /through investing capital )

Wages  (is monetary compensation paid by  employer to employee in exchange for work done)

Savings Interest  (is money the you earn in return for holding your savings in an account.)

$1150

$25

$900

$25

Expenses

Rent

Utilities

Food

Cell Phone

Savings

$400

$100

$250

$75

$200

$400

$80

$200

$75

$____

Net Income

$150

$____

How much money can be saved without having a negative actual net income?

• a.  It is not possible to save any money this month without having a negative actual net income.
• b.  $170 can be saved resulting in an actual net income of $0.
• c.  $200 can be saved resulting in an actual net income of $150.
• d.  As long as you are saving money, you will not have a negative actual net income.

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