ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Kaden’s mom gave him $50 to spend on some new clothes. If Kaden bought 2 shirts for $12.99 each, a pair of jeans for $35.95, and a belt for $4.98, would he be over the clothing budget or under?
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Over
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Under
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Gather your financial statements. These documents, such as bills, mortgage statements, and account statements, can help you see exactly where your money is going. Looking for charges you make regularly can help you determine your largest expenses.
Detailed explanation-2: -The reason why it’s important to use net pay instead of gross pay when budgeting is because it gives you an idea on how much you should afford, and how much tax deductions could be. Identify two budgeting strategies that can help someone start or adjust their budget.
There is 1 question to complete.