Carl and Nancy Johnson prepared a household budget in an attempt to better manage their money.As part of the budgeting process,Carl and Nancy prepared the following list: After totaling their necessary expenses,Carl and Nancy subtracted that figure ($1965)from their monthly income of $4500.The Johnsons were happy to realize that after paying bills each month,they had $2535 left over.That money that was left after paying expenses is an example of their _____ income.

Question

Carl and Nancy Johnson prepared a household budget in an attempt to better manage their money.As part of the budgeting process,Carl and Nancy prepared the following list:  After totaling their necessary expenses,Carl and Nancy subtracted that figure ($1965)from their monthly income of $4500.The Johnsons were happy to realize that after paying bills each month,they had $2535 left over.That money that was left after paying expenses is an example of their _____ income.

Quizplus · Accepted Answer

The money left over after paying bills and necessary expenses is an example of discretionary income, as it can be used for non-essential items or saved for the future.

Carl and Nancy Johnson Prepared a Household Budget in an Attempt