Money that is greater than the amount needed

Money that is greater than the amount needed

• A. Surplus
• B. Deficit
• C. Gross Income
• D. Subtotal

Answer: (A)

Money that is greater than the amount needed is called a surplus. In budgeting, when the money coming in (income) is more than what you have to spend (expenses), the extra money left over is a surplus. It’s the idea of having funds beyond what you must pay for, so you can save, invest, or plan for future costs. A deficit would mean you don’t have enough money to cover expenses. Gross income refers to total earnings before deductions, not the leftover amount after spending, and a subtotal is just a partial total, not the remaining amount after meeting needs.

Money that is greater than the amount needed is called a surplus. In budgeting, when the money coming in (income) is more than what you have to spend (expenses), the extra money left over is a surplus. It’s the idea of having funds beyond what you must pay for, so you can save, invest, or plan for future costs. A deficit would mean you don’t have enough money to cover expenses. Gross income refers to total earnings before deductions, not the leftover amount after spending, and a subtotal is just a partial total, not the remaining amount after meeting needs.