Discretionary income is the amount of money remaining from
her income after paying federal taxes, other mandatory charges, and necessary
expenditures for living. In this situation, Emily is earning a gross income of
$97,000. When you deduct her necessary expenditures for mortgage, food, and clothing
in the amount of $37,000 and her federal income taxes in the amount of $24,000
from her gross income, you can get her discretionary income which is $36,000.
The root of all this conflict is <span>egocentrism. It is </span>having or regarding the self or the individual as the center of all things: an egocentric<span> philosophy that ignores social causes. having little or no regard for interests, beliefs, or attitudes other than one's own. It is being self-centered. </span>