Private Disposable Income Is Equal to

question 78

Multiple Choice

Private disposable income is equal to

• A) Y + TR + INT - T.
• B) Y + NFP +TR + INT - T.
• C) Y - TR - INT + T.
• D) Y + CA - G.
• E) Y - NFP - R - INT + T.

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Definitions:

Balancing

The act of ensuring that two sets of records (usually the credits and debits in an account) are in agreement.

Fees Earned

Income received for services provided by a company or individual, usually professional services such as legal, consulting, or accounting services.

Accounts Receivable

Accounts receivable represents money owed to a business by its customers for goods or services delivered or used but not yet paid for.

Cash

Cash refers to money in the form of currency, including bills, coins, and money deposited in bank accounts that are available for use.