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Which personal expense did the Penders spend more on than they had budgeted? Refer to Figure 3.4 on page 165 of the ebook or at the back of the packet. Figure 3.4.pdf Download Figure 3.4.pdf

Group of answer choices

Credit Cards & Clothing

Clothing

Clothing & Pocket Money

Credit Cards & Pocket Money

Sagot :

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The personal expense that the Penders spent more on than they had budgeted is:

Credit Cards & Pocket Money to the tune of $ 23.75 (Option C)

What is a budget?

A budget is an estimate of revenue and costs for a given period of time that is generally created and re-evaluated on a regular basis. Budgets may be created for an individual, a group of individuals, a company, a government, or almost anything else that generates and spends money.

What is the justification for the above answer?

The budgeted amount for Credit Card was $50. Total amount spent was $60. Hence the excess amount spent is $10.

The budgeted amount for Pocket money was $80. Total amount spent was $93.75. Hence the excess amount spent is $13.75.

Hence total amount spend over budget is $23.75

Learn more about budgeting:
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