ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What would happen if your expenses are greater than your income?
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You would be rich
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You would be in debt
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You could loan people money
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You could save more oney
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Explanation:
Detailed explanation-1: -If your deductions exceed income earned and you had tax withheld from your paycheck, you might be entitled to a refund. You may also be able to claim a net operating loss (NOLs). A Net Operating Loss is when your deductions for the year are greater than your income in that same year.
Detailed explanation-2: -In deficit budget expenditure is more than income.
There is 1 question to complete.