Leah had an excellent year as a salesperson in 2015,earning $98 ,000.She paid $38,000 for necessities such as mortgage,food,and clothing.Her state and federal income taxes totaled $24
,000.What was her disposable income?
A) $36,000
B) $74,000
C) $60,000
D) $98,000
E) There is not enough data provided to calculate her discretionary income.

Question

Quizplus · Accepted Answer

Leah's disposable income can be calculated by subtracting her necessities and taxes from her earnings. Thus, her disposable income would be:
$98,000 - $38,000 - $24,000 = $36,000
Therefore, the correct answer is B.

Leah Had an Excellent Year as a Salesperson in 2015,earning