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

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Definitions:

Single Event

An occurrence that takes place at a specific time and location, without repetition.

Persuasive Messages

Communications designed to influence the attitudes, beliefs, or actions of others.

Logical Factors

Elements or considerations that are based on clear, sound reasoning or the formal laws of logic.

Emotional Factors

Elements that influence feelings, mood, and emotional states, affecting behavior and decision-making.