Question

What is a budget?(1 point)
Responses

It is an invoice for expenses.
It is an invoice for expenses. - no response given

It is a listing of what an individual owns minus what they owe.
It is a listing of what an individual owns minus what they owe. - incorrect

It is a listing of an individual’s net income minus their expenses, calculated on a monthly basis.
It is a listing of an individual’s net income minus their expenses, calculated on a monthly basis. - no response given

It is a spending plan based on income and expenses.

Answer 1

Answer: It is a spending plan based on income and expenses.