Your gross pay is $1,878.96, net income is $1,196.34,and fixed expenses are $1,338.54. What is your discretionary income?
2 answers:
Answer:
Option C. $0
Step-by-step explanation:
Income remaining after deductions of taxes and basic living costs is considered as discretionary income.
In this question after deduction in gross pay the net income is given $1,196.34
and fixed expenses are more than net income. Therefore, it would be negative answer or you can say Option C. $0 is the answer.
Very easy. Just subtract the net income (1196.34) from the pay (1878.96) The answer is B. I hope i did it right!!!
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