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.

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.

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.



A.

gross


B.

disposable


C.

proprietary


D.

discretionary



Answer: D


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