You are putting together your first post-graduation budget. Your take-home pay will be $2,500 per month. You estimate your monthly costs to be rent of $900, car related expenses to be $550, entertainment of $200, food expense of $250, cable bill of $75, mobile phone of $100, student loan payment of $400 and other expense of $150. How would you describe your budget after analyzing all of your income and expenses?
A. You have a surplus of $125.
B. You have a deficit of $125.
C. You have a deficit of $2,625.
D. You have a surplus of $2,500.
