The Following Two Items Are from Marcia White's "Dining Out

question 8

Multiple Choice

The following two items are from Marcia White's "Dining Out" expense category:
(1) January monthly variance = $25 (favorable) ;
(2) February cumulative variance = -$10 (unfavorable) .
If Marcia budgeted $85 a month for this activity,we know that she

• A)spent $60 in January and $95 in February.
• B)spent $60 in January and $120 in February.
• C)can bring the activity back within budget by spending $85 in March.
• D)has not budgeted properly.

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Definitions:

State Unemployment

Government-provided assistance for individuals who have lost their jobs and meet certain eligibility requirements.

Compensation Tax

Taxes applied on income, especially income generated from work or compensation for services.

Labor Department

A government body responsible for overseeing employment laws, workplace safety, and labor statistics.

Unemployment Insurance

A government-provided insurance that offers temporary financial assistance to workers who have lost their jobs through no fault of their own.