Question

1. To calculate discretionary money, you ____?
A. calculate the difference between your gross pay and net income
B. calculate the difference between your net income and fixed expenses
C. calculate the difference between your gross pay and fixed expenses
D. calculate the sum of your net income and fixed expenses

Answer 1

So basically Discretionary income is the income that is left after, taxes and the money you spend on necessities such as water, food and shelter.
So I will ask you do you know what these are?
Gross Pay
Net Income
Fixed Expenses

Answer 2

Not quite.

Answer 3

Okayy, so first ill tell you what these are

Answer 4

Okey dokie.

Answer 5

Gross pay is what you make before any deductions.

Answer 6

Net Income: A company's total earnings (or profit).

Answer 7

Fixed Expenses/Costs, do not change, example would be Rent

Answer 8

I would think C then. That would be my best educated guess.

Answer 9

I believe that is correct too

Answer 10

Sweet, yeah, I probably should have gone and looked up the definitions first xD
Helps a lot more.

Answer 11

:) Thats okayy, now everyone else can see

Answer 12

Haha very true.

Answer 13

Ended up being B.