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question 12 (multiple choice worth 5 points) (01.06 lc) in a well-designed budget, your expenses exceed your income expenses cover your income income is distributed equally income is used for savings
A well-designed budget ensures that total expenses do not exceed income, meaning expenses align with (cover) the amount of income available. Expenses exceeding income leads to debt, equal income distribution is not a core budget requirement, and while savings are part of a good budget, the fundamental principle is that expenses match the income earned.
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expenses cover your income