Jason and Lucy Prepared a Household Budget in an Attempt

question 77

Multiple Choice

Jason and Lucy prepared a household budget in an attempt to manage their money better. They prepared the following list: Monthly Income (after taxes) = $4,500; Monthly Expenses (Necessities) , which include Rent: $550, Auto Loan: $250, Student Loan: $200, Savings: $500, Food: $200; Total Monthly Expenses = $1,700; Amount Left Over = $2,800 (income less necessary expenses) . The $2,800 they had left over is their __________.

• A)gross income
• B)personal income
• C)disposable income
• D)discretionary income
• E)profit

Classify statements based on their logical structure and main connective.

Understand the relationship between logical statements and their implications in terms of consistency and equivalence.

Apply logical notation to express complex real-world scenarios symbolically.

Recognize the importance of logical foundations for reasoning accurately in various contexts.

---

Definitions:

Goods And Services

Physical items (goods) and intangible assistance (services) that fulfill the needs or wants of consumers.

Broad Segmentation Bases

General criteria used to categorize and define groups within a market, such as age, gender, income levels, or location.

Measurable

Capable of being measured or quantified, allowing for the assessment of performance against specific benchmarks or criteria.

Differentiable

The ability of a product or service to be distinguished from others due to unique features or characteristics.