Steve Berry recently purchased a new boat. This type of purchase would be made using Steve's ____ income.
A) gross
B) personal
C) disposable
D) net
E) discretionary

Question

Quizplus · Accepted Answer

Purchasing a new boat is typically considered a non-essential expense, which means it would be made with discretionary income. Discretionary income is the amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities (like food and shelter) have been paid.

Steve Berry Recently Purchased a New Boat