Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

personal budget business budget which category is typically found in a …

Question

personal budget business budget which category is typically found in a business budget and not in a personal budget? groceries utilities rent payroll personal budget category description budgeted amount ($) actual amount ($) difference ($) income salary 3,000 3,100 -100 income freelance 600 450 150 housing rent 1,000 1,000 0 utilities electricity 60 65 -5 utilities water 40 45 -5 utilities gas 30 28 2 utilities internet 50 50 0 food groceries 300 320 -20 food dining out 100 110 -10 entertainment movies 50 55 -5 entertainment concerts 50 65 -15 savings savings account 500 500 0 savings emergency fund 100 100 0 transportation fuel 120 100 20 transportation parking 50 45 5 transportation insurance 100 100 0 transportation repairs 75 90 -15 transportation train/bus 60 55 5

Explanation:

Brief Explanations

Personal budgets focus on individual - or family - related expenses. Groceries, utilities, and rent are common in personal budgets. Payroll is the cost of paying employees and is typical in business budgets but not in personal ones.

Answer:

payroll