Mary's Monthly Budget Income $617 Fixed Expenses Rent $150 Living Expenses Emergency Fund $30 Electric $30 Annual Expenses Transportation $60 Car Insurance $850 Food $200 Books $400 Entertainment $40 Tuition (parents pay) What is the monthly share of the annual expenses? $100 $150 $104 $114 The following describes the status of Mary's budget: It is in surplus It is in deficit It is balanced The fixed expenses are what percent of Mary's income? 29.2% 20.1% 34.3% 2.9%