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Vsevolod [243]
2 years ago
15

TRUE OR FALSE: Take-home pay minus total living expenses equals money available for savings and investment

Business
1 answer:
Alik [6]2 years ago
7 0

Answer:

TRUE

Explanation:

Take-home pay is the gross pay minus all deductions. Deductions include statutory and voluntary deductions. Take home is the money that gets to the employee's bank account.

In most households saving and investment are done after meeting the basic expenses. In other words, people will save or invest after meeting their basic needs. Therefore, take home minus total expenses necessary for life is saving and investment

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A credit rating (score) of ________ would normally allow you to have easy approval for credit.
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Black Corporation declared $50,000 cash dividends to shareholders. The coporation has 4,000 shares of $25-par, 5% preferred stoc
Liono4ka [1.6K]

Answer:

$5,000 will be distributed to preferred stockholders and $45,000 will be distributed among common stockholders.

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3 years ago
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3 years ago
Andrew owns a popular, but expensive Chinese restaurant. In order to introduce more people to his brand, he offers a series of o
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