If John receives $2000 monthly in net wages and spends $700 in rent, $500 on a car payment, $250 on entertainment, and $200 on groceries he is a(n)
A)net borrower.
B)negative cash disbursement.
C)net lender.
D)accrued wage unit.

Question

Quizplus · Accepted Answer

John is a net lender because after all his expenses ($700 + $500 + $250 + $200 = $1650), he still has money left over from his $2000 monthly net wages, indicating he has surplus funds he could potentially lend or save.

If John Receives $2000 Monthly in Net Wages and Spends