Each month, Emma budgets $1840 for fixed expenses, $1210 for living expenses, and $512 for annual expenses. Her
biweekly net income is $1644.
Which statement best describes her monthly budget?
It shows a surplus of $512
It shows a deficit of $512
It shows a surplus of $240.
It is balanced
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It is balanced

Step-by-step explanation:

Given that,

biweekly income = $1644

fixed expenses = $1840,

living expenses = $1210,

annual expenses = $512

Hence, total monthly budget will be some these budgeted expenses

Therefore, total monthly budget = 1840+1210+512

Total monthly budget = 3562$ (1)

Annual income = 1644×26 ( since there are 26 weeks in an year)

= 42,744

Monthly income = 42744/12  ( since there are 12 months in an year)

Monthly income = 3562$ (2)

From (1) and (2), it is clear that,

Total monthly budget = Monthly income

Hence, it is a balanced budget

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step-by-step explanation: