You have the following expenses: clothes—$98.95, utilities—$234.98, rent—$875.34, and groceries—$103.98. Which expenses are disc

Question

rusak2 [61]

3 years ago

10

You have the following expenses: clothes—$98.95, utilities—$234.98, rent—$875.34, and groceries—$103.98. Which expenses are disc

retionary?

Mathematics

2 answers:

Furkat [3] · Answer 1 · 2022-02-26T02:23:13+03:00

Furkat [3]3 years ago

7 0

Utilities and groceries

belka [17] · Answer 2 · 2022-02-26T03:23:23+03:00

Answer:

B

A

D

Extra:

1. To calculate discretionary money, you

B) Calculate the difference between your net income and fixed expenses

2. Deductions from your pay such as FICA, federal withholding, and state withholding are _____

B) Involuntary and fixed

3. You have the following expenses: clothes—$98.95, utilities—$234.98, rent—$875.34, and groceries—$103.98. Which expenses are discretionary?

A) Clothes

4. Suppose that you work at the Peacock Blue store for 40 hours over five days at a rate of $9.25/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (12%), and state withholding (8%). Your expenses are transportation at $5.25/day, lunch at $3.85/day, and black slacks required for work at $19.95. How much is your discretionary income for the week?

D) $202.24