ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an estimate of income and exponditure for a set period of time.
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a corporate expense that varries with production output.
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Income remaining after deduction of taxes, other mandatory charges.
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cannot avoid or help doing something.
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Detailed explanation-1: -Disposable income is the amount of money that is available for spending after deducting taxes. It is typically spent on necessities such as food, clothing, housing, transport.
Detailed explanation-2: -Pertaining to the Income-Contingent Repayment Plan, discretionary income is the difference between your annual income and 100 percent of the poverty guideline for your family size and state of residence. The poverty guidelines are maintained by the U.S. Department of Health and Human Services.
Detailed explanation-3: -Discretionary income is the amount of money you have left over after paying for necessary expenses, and it’s used to calculate student loan payments on federal income-driven repayment (IDR) plans.
Detailed explanation-4: -Discretionary income is the amount of an individual’s income that is left for spending, investing, or saving after paying taxes and paying for personal necessities, such as food, shelter, and clothing. Discretionary income includes money spent on luxury items, vacations, and nonessential goods and services.
Detailed explanation-5: -Disposable income is the portion of income available to an income earner after all income taxes are deducted. It is used by analysts to measure consumer spending, payment ability, probable future savings, and the overall health of a nation’s economy.