this chart shows dans budget: did dan stay on budget this month? why or why not? item amount budgeted amount…

this chart shows dans budget: did dan stay on budget this month? why or why not? item amount budgeted amount spent internet $35 $35 food $100 $95 rent $500 $500 discretionary spending $100 $140 income $750 - yes, dan spent as much as he earned. no, dan should lower his savings account contribution. yes, dan used his savings to cover extra expenses. no, dan should reduce his discretionary spending.

this chart shows dans budget: did dan stay on budget this month? why or why not? item amount budgeted amount spent internet $35 $35 food $100 $95 rent $500 $500 discretionary spending $100 $140 income $750 - yes, dan spent as much as he earned. no, dan should lower his savings account contribution. yes, dan used his savings to cover extra expenses. no, dan should reduce his discretionary spending.

Answer

Answer:

No, Dan should reduce his discretionary spending.

Explanation:

Step1: Calculate total budgeted amount

$35 + 100+500 + 100=735$

Step2: Calculate total spent amount

$35+95 + 500+140 = 770$

Step3: Compare amounts

Since $770>735$ and the over - spending is in discretionary spending ($140$ spent vs $100$ budgeted), Dan did not stay on budget and should reduce his discretionary spending.