When You Begin Your First Full-Time Job, You Have A Monthly Income Of $3,500. Your Federal And State Taxes Are $1,000. You Pay $600 In Rent, Have A $300 Car Payment, And Spend $300 On Food And $200 On Clothes. The Remaining $1,100 Would Be Considered Your (2023)

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  • Answer:D. independent; dependentExplanation:In this example, learning strategy is the independent variable and word retention is the dependent variable

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  • ALICE SPENDS $552.00 A MONTH ON TRANSPORTATION. FOOD COSTS. (fractions and order of operations). Cafeteria meal costs, before taxes.

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FAQs

When income is high in comparison to the cost of living people have more discretionary income? ›

When income is high relative to the cost of living, people have more discretionary income. That means they have more money to spend on nonessential items (in other words, on wants rather than needs).

What is net monthly income? ›

For the individual, net income is the money you actually get from your paycheck each month rather than the gross amount you get paid before payroll deductions. You may have some other sources of income such as Social Security checks, side jobs or investment income which can add to your net income.

How much disposable income should I have a month? ›

50% of your net income should go towards living expenses and essentials (Needs), 20% of your net income should go towards debt reduction and savings (Debt Reduction and Savings), and 30% of your net income should go towards discretionary spending (Wants).

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