Ben Harvey recently purchased a new boat.This type of purchase would be made using Ben's ____ income.

Name: Ben Harvey recently purchased a new boat.This type of purchase would be made using Ben's ____ income.
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Question

Quizplus · Accepted Answer

Discretionary income is the amount of an individual's income that is left for spending, investing, or saving after taxes and necessities are paid. A new boat is typically considered a non-essential purchase, thus it would be made using discretionary income.

Ben Harvey Recently Purchased a New Boat