A monthly budget usually has two sections — one for income and one for _____.A.wagesB.savingsC.utilitiesD.expensesSUBMITarrow_backPREVIOUS
Question
A monthly budget usually has two sections — one for income and one for _____.
A. wages
B. savings
C. utilities
D. expenses
SUBMIT
arrow_back
PREVIOUS
Solution
Identifying the Correct Option
To answer the question about what the second section of a monthly budget typically covers, we will examine the provided options regarding their relevance to a budget structure.
-
Wages (A) - This is a form of income and would logically be categorized under income rather than as a separate section.
-
Savings (B) - While savings can be part of a budget, they are typically considered a type of expense where money is put aside from income for future use. Thus, they can be included under the expenses category.
-
Utilities (C) - This refers to monthly services such as electricity, water, gas, etc., which are also part of the expenses category.
-
Expenses (D) - This is the most appropriate choice as it directly represents all outgoing funds in a budget, including utilities, rent, groceries, and other costs.
Final Answer
The correct answer is D. expenses. A monthly budget usually has one section for income and one for expenses.
Similar Questions
The static budget is an example of a:Multiple choice question.flexible budgetfixed budgetvariable budget
An estimation of revenue and expenses over a specified period of time is known as a budget. True False
Which of the following should not be considered when setting a current budget?
When should fixed and variable monthly budgeted expenses first be planned?
Static budget is another name for:Multiple ChoiceFlexible budget.Variable budget.Fixed budget.Standard budget.Master budget.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.