Last year, Marian earned $25,000; paid $2,000 in taxes; and saved $5,000. Marian's personal income was _____, her disposable personal income was _____, and her consumption spending was _____.
A) $20,000; $18,000; $13,000
B) $25,000; $23,000; $18,000
C) $25,000; $18,000; $13,000
D) $23,000; $21,000; $18,000

Question

Quizplus · Accepted Answer

Marian's personal income is $25,000. Her disposable personal income is $25,000 - $2,000 = $23,000. Her consumption spending is $23,000 - $5,000 = $18,000.

Last Year, Marian Earned $25,000; Paid $2,000 in Taxes; and Saved