Question

Your gross pay is $1,678.96, net income is $996.34, and fixed expenses are $1,038.54. What is your discretionary income?
(1 point)
Responses

$682.62
$682.62

$640.42
$640.42

$0
$0

You have a deficit of $42.20.

Answer 1

Discretionary income = net income − fixed expenses = $996.34 − $1,038.54 = −$42.20.
So you have a deficit of $42.20.