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 = $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.
Correct Answer:

Verified
Correct Answer:
Verified
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