Income That Remains After Such Basic Necessities as Food,rent,utilities,and Transportation

question 23

Multiple Choice

Income that remains after such basic necessities as food,rent,utilities,and transportation have been paid for,and that is then available for other purposes is called

• A)taxable income.
• B)discretionary income.
• C)relative income.
• D)supplemental income.

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Definitions:

¥ Per A$

The exchange rate showing how much Japanese yen (¥) one Australian dollar (A$) can buy.

Exchange Rate

An exchange rate determines how much one currency is worth in terms of another, playing a critical role in international trade and investment.

¥1.00

The monetary value of one Japanese yen, the official currency of Japan.

A$

The symbol for the Australian Dollar, the official currency of Australia.