Each month elizabeth budgets $760 for fixed expenses, $620 for living expenses, and $80 for annual expenses. her annual net income is $32,580. which sentence best describes her monthly budget?

a. it shows a deficit of $1255
b. it shows a surplus of $1255
c. it shows a surplus of $1460
d. it is balanced

Option 'C' is correct.

Step-by-step explanation:

Since we have given that

Amount she spent on fixed expenses = $760

Amount she spent on living expenses = $620

Amount she spend for annual expenses = $80

Total expenditure will be

Her annual net income = $32580

So, Her monthly net income will be

So, we can see that her income is more than her expenses.

So, she yield surplus.

Surplus = Revenue - Expenditure

Hence, It shows a surplus of $1255.

Hence, Option 'C' is correct.