An amount of money greater than the amount needed is called what?

• A. Deficit
• B. Surplus
• C. Subtotal
• D. Income Tax

Answer: (B)

Having more money than you need is called a surplus. It means after you cover all your expenses, you have extra money left over you can save, spend on something you want, or put toward future goals. This idea fits budgeting: if your income is bigger than your expenses, the leftover is a surplus.

Deficit means you don’t have enough to pay what you owe, so it’s the opposite. A subtotal is just part of a total in a calculation, not an amount left over. Income tax is money taken from income to pay the government, not leftover money you have.