Leah had an excellent year as a salesperson in 2015, earning $98,000. She paid $38,000 for necessities such as mortgage, food, and clothing. Her state and federal income taxes totaled $24,000. What was her disposable income?
A) $36,000
B) $74,000
C) $60,000
D) There is not enough data provided to calculate her discretionary income.

Question

Quizplus · Accepted Answer

Disposable income is the amount of money left after taxes and other necessary expenses have been paid. In this case, Leah's disposable income is $98,000 - $38,000 - $24,000 = $36,000.

Leah Had an Excellent Year as a Salesperson in 2015