Question

Each month, Daniel budgets $1120 for fixed expenses, $600 for living expenses, and $140 for annual expenses. His biweekly net income is $840. Which statement best describes his monthly budget?

It shows a surplus of $40.
It shows a deficit of $40.
It shows a deficit of $180.
It is balanced.

Answer 1

It should be It shows a deficit of $40.

Explanation:

Answer 2

so, monthly expenses = 1120+600+140/12 = 1731.667 = 1732

and his monthly income = 840×2 = 1680

so there is a surplus of 52

and I guess the answer will be first one by options you gave !!