what is defined as a budget surplus? (1 point)\nspending exceeds income.\na spending necessity.\na spending…
what is defined as a budget surplus? (1 point)\nspending exceeds income.\na spending necessity.\na spending desire or luxury.\ntake - home pay exceeds spending.
Answer
Brief Explanations:
A budget surplus occurs when income (such as take - home pay) is greater than spending. When spending exceeds income, it's a budget deficit. Spending necessities and desires are not related to the definition of a budget surplus.
Answer:
Take - home pay exceeds spending.