Knowee
Questions
Features
Study Tools

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

🧐 Not the exact question you are looking for?Go ask a question

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.

  1. Wages (A) - This is a form of income and would logically be categorized under income rather than as a separate section.

  2. 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.

  3. Utilities (C) - This refers to monthly services such as electricity, water, gas, etc., which are also part of the expenses category.

  4. 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.

This problem has been solved

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.

1/3

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.