126k views
5 votes
Jared makes $2,810 in net income after taxes and deductions. Last month he spent $200 on groceries, $300 on a car lease, $900 in rent, $350 in dining out, and $100 on clothing, and made a $65 one-time charity donation. Calculate jared’s discretionary income after he deducts his fixed expenses. A. $1,200 b. $1,610 c. $945 d. $1,865

User Willwsharp
by
5.3k points

2 Answers

7 votes

Answer:

The answer is $1,610.

Explanation:

I got it right on edmentum so hope this helps

User Touhid
by
6.0k points
4 votes

Net income after taxes and deductions = $2,810

Spending amounts:

On groceries = $200.

On car lease = $300.

On rent = $900.

On dining out = $350.

On clothing =$100 and

In charity = $65.

Fixed expenses are the expenses those remains constant.

We can see that only fixed expenses are a car lease amount and rent.

Total fix expences =300+900 = $1200.

In order to find jared’s discretionary income after he deducts his fixed expenses, we need to subtract Total fix expenses amount from net income.

Therefore, jared’s discretionary income after he deducts his fixed expenses

= 2810 - 1200

= $1610.

Therefore, correct option is b. $1,610.

User Manuquentin
by
5.6k points