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The first change should Carl make to his monthly budget is to its a lower net income.
What is budget?
A budget is known to be a run down of all the spending that one has planned out and it is one that is often based on one's income and expenses.
Note that in the scenario below, The first change should Carl make to his monthly budget is to its a lower net income so that it can fit into the budget.
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Based on this information, which is the first change should Carl make to his monthly budget?
Scenario: Carl has just received his weekly check from his after-school job. In his budget, he did not plan for withholdings. Now that he has received his check, he has been reminded that taxes will be withheld. He realizes that he needs to return to his budget and make some changes.
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