Question

What is defined as a budget surplus?

Spending exceeds income.
A spending necessity.
A spending desire or luxury.
Take-home pay exceeds spending.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Take-home pay exceeds spending.

Answer 2

[AI-generated answer — Step-by-Step Bot]

A budget surplus is defined as when the income or revenue exceeds the expenses or spending within a specific period of time. In other words, a budget surplus occurs when there is excess money left over after all expenses have been paid. It is characterized by the situation where take-home pay exceeds spending.