Manuel Acala is a marketing analyst,but he made only $28,000 last year because he was employed only part of the year.He paid $5,000 in taxes and spent another $10,000 for food,housing,a car,and other "necessities." Manuel's discretionary income was
A)$28,000.
B)$13,000.
C)$23,000.
D)$18,000.
E)The information given is insufficient.

Question

Quizplus · Accepted Answer

Discretionary income is what is left of income after paying taxes and paying for necessities: $28,000 − $5,000 − $10,000 = $13,000.

Manuel Acala Is a Marketing Analyst,but He Made Only $28,000