Miela had an excellent year as a junior auditor in 2018, earning $97,000. She paid $37,000 for necessities such as mortgage, food, and clothing. Her state and federal income taxes totaled $24,000. What was her discretionary income?
A) $36,000
B) $60,000
C) $73,000
D) $97,000
E) Not enough information is provided to calculate her discretionary income.

Question

Quizplus · Accepted Answer

Discretionary income is calculated by subtracting taxes and necessities from total income: $97,000 - $37,000 - $24,000 = $36,000.

Miela Had an Excellent Year as a Junior Auditor in 2018