Paul is a college student who has the following financial information.He would like your help in figuring his surplus for last year.

What is Paul's surplus?
A)$2,650
B)$2,200
C)$1,250
D)$1,000

Question

Paul is a college student who has the following financial information.He would like your help in figuring his surplus for last year.

What is Paul's surplus?
A)$2,650 
B)$2,200 
C)$1,250 
D)$1,000

Quizplus · Accepted Answer

To calculate Paul's surplus, we need to subtract his expenses from his income. In this case, his income is $24,720 (the sum of his wages and scholarships) and his expenses are $22,520 (the sum of his tuition, rent, and other expenses). Therefore, his surplus is $2,200 ($24,720 - $22,520). The correct answer is B.

Paul Is a College Student Who Has the Following Financial