QUESTION IMAGE
Question
what is an example of a miscellaneous expense in a business budget?
groceries
legal fees
internet
salary
personal budget
category description budgeted amount ($) actual amount ($) difference ($)
income salary 3,000 3,100 -100
income freelance 500 450 50
housing rent 1,000 1,000 0
utilities electricity 60 55 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 300 300 0
savings emergency fund 100 100 0
transportation fuel 150 160 -10
transportation parking 30 45 -15
transportation insurance 100 100 0
transportation repairs 75 90 -15
transportation transit 60 35 25
Miscellaneous expenses in a business budget are those that don't fit neatly into major categories. Groceries are for personal or business food - related but not miscellaneous. Internet is a utility. Salary is an income or expense related to employees. Legal fees often come up unexpectedly and are not part of regular major expense categories like rent, utilities etc.
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legal fees