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eace month cameron budgets $1040 for fixed expenses $980 for living expenses and $120 for living expenses and a $120 for annual expenses his annual net income is. $24,132 which best describes his monthly budget?

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chinnnajuju
monthly he's looking like paying around 2,011

I think not sure but hope I helped

Based on the calculation below, the best description of his monthly budget is $19 budget deficit.

What is a deficit budget?

Note: The part “and $120 for living expenses” in the question is an error, and it is there not used in the answer below.

A deficit budget occurs when the expense is greater than the income.

Cameron's monthly budget deficit can be calculated as follows:

Monthly expenses = Monthly Fixed expenses + Monthly living expenses + (Annual expenses / 12 = $1,040 + $980 + (120 / 12) = $2,030

Monthly net income = Annual net income / 12 = $24,132 / 12 = $2,011

Budget deficit = Monthly expenses - Monthly net income = $2,030 - $2,011 = $19

Since Cameron’s monthly expense is $19 greater than his monthly net income, the best description of his monthly budget is $19 budget deficit.

Learn more about budget deficit here: https://brainly.com/question/3386453.

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