Each month cameron budgets $1040 for fixed expenses $980 for living expenses and $120 for annual expenses his annual net income is $24,132. which statement best describes his monthly budget?
a. it shows a deficit of $129
b. it shows a surpus of $129
c. it shows a deficit of $9
d. it is balanced

Option 'A' is correct.

Step-by-step explanation:

Since we have given that

Fixed expenses = $1040

Living expenses = $980

Annual expenses = $120

So, Total expenditure would be

Annual net income = $24,132

Monthly income(receipt) would be

Since we can see that total expenditure is more than total receipts.

So, there will be deficit.

Deficit = Total expenditure - Total receipt

Deficit = $2140-$2011

Deficit = $129

Hence, there is a deficit of $129.

Thus, option 'A' is correct.

22 dimes and 9 nickels

step-by-step explanation: