Owner of Your Local KFC Franchise Had a Good Year

question 107

Multiple Choice

owner of your local KFC franchise had a good year with rising revenues and reduced operating costs that resulted in a personal income of approximately $100,000.One-third of that was taken for local,state,and federal income taxes and another third went to pay for a home mortgage,car payments,food,clothing,and other necessities.What is the remaining third called?

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

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