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This chart shows Dan's budget:

\begin{tabular}{|l|l|l|}
\hline
\multicolumn{1}{|c|}{Item} & \multicolumn{1}{|c|}{Amount Budgeted} & \multicolumn{1}{c|}{Amount Spent} \\
\hline
Internet & \[tex]$35 & \$[/tex]35 \\
\hline
Food & \[tex]$100 & \$[/tex]95 \\
\hline
Rent & \[tex]$500 & \$[/tex]500 \\
\hline
Discretionary Spending & \[tex]$100 & \$[/tex]140 \\
\hline
Income & \$750 & - \\
\hline
\end{tabular}

Did Dan stay on budget this month? Why or why not?

A. Yes, Dan spent as much as he earned.
B. No, Dan should lower his savings account contribution.
C. Yes, Dan used his savings to cover extra expenses.
D. No, Dan should reduce his discretionary spending.



Answer :

GinnyAnswer
Let's analyze Dan's budget to determine if he stayed within his budget for the month.

First, we need to calculate the total amount budgeted and the total amount spent:

1. Calculating the Total Amount Budgeted:
- Inlemel: \[tex]$35 - Food: \$[/tex]100
- Rent: \[tex]$500 - Discretionary spending: \$[/tex]100

Total amount budgeted = \[tex]$35 + \$[/tex]100 + \[tex]$500 + \$[/tex]100 = \[tex]$735 2. Calculating the Total Amount Spent: - Inlemel: \$[/tex]35
- Food: \[tex]$95 - Rent: \$[/tex]500
- Discretionary spending: \[tex]$140 Total amount spent = \$[/tex]35 + \[tex]$95 + \$[/tex]500 + \[tex]$140 = \$[/tex]770

3. Comparing Total Amount Spent with Total Income:
- Total income = \[tex]$750 - Total amount spent = \$[/tex]770

Since the total amount spent (\[tex]$770) is greater than the total income (\$[/tex]750), Dan did not stay on budget. Dan overspent by \[tex]$770 - \$[/tex]750 = \$20.

Hence, the correct answer is:
No, Dan should reduce his discretionary spending.

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