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Step2247 [10]
3 years ago
14

Which of the following statements about budgeting is TRUE?

Business
1 answer:
tensa zangetsu [6.8K]3 years ago
4 0

Answer:

The correct answer is letter "C": You should use your net income (income after taxes have been taken out) to create a more accurate budget.

Explanation:

Individuals' net income represents the actual amount of money they will have available for spending. It is calculated by subtracting federal taxes from individuals' gross income. Creating a budget based on the net income is more accurate since people will estimate their expenditures and savings considering the amount of money they have in their pockets.

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