Fran recently got her first job. Now she’s constructing her first budget of personal expenses.
Which source of income data should she use to estimate future income?
(1 point)
after-tax income
discretionary income
adjusted income
income from real estate sales
1 answer
Fran should use the after-tax income data to estimate her future income. This is the amount of money she will actually take home after taxes are deducted from her pay. This will give her a more accurate picture of how much money she will have available to cover her personal expenses.