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Is it true or false that a person's actual income saving and spending may not be exactly as planned on a budget?

It is true. Though planning a budget and having everything written down is beneficial to budgeting, unexpected expenses can occur that were not in the budget.


Gross income minus less expenses is equal to net income true or false?

true


True or False Income and expense columns are the primary components of a budget. a) True b) False?

false


In merchandise business sales minus operating expenses equals net income is this statement true or false?

False


Unrecorded expenses result in an understatement of net income and owner's equity True or False?

true


Is this statement true or false gross profit minus selling expenses equals net income?

Not really...Gross profit = Net sales - Cost of goods soldThe profit on an item is not dependent upon all of your operating expenses. You would include operating expenses to determine net income for the business, but not to calculate gross profit for the sale of inventory.


Can you claim for false teeth on income tax?

You can use dentures as part of your medical expenses if you file a long-form Schedule A.


One way to compute the total contribution margin is to add total fixed expenses to net operating income true or false?

True


Is a budget a baby budgerigar?

False


Does the White House office prepare the federal budget for the next year?

True thewhite house does prepare the budget for the next year. False it does not


Prepaid expenses are an example of an expense True or False?

true


Value x Rate equals Income True or False?

False.