Question

What is the difference between her gross pay and her spending?

Answer 1

I do not have access to information about a specific person's gross pay or spending habits. However, in general, the difference between an individual's gross pay and their spending is their disposable income.

Gross pay refers to the total amount of money that an individual earns before any deductions or taxes are taken out. On the other hand, spending refers to the amount of money that an individual uses to purchase goods and services.

The difference between the two is an individual's disposable income, which is the amount of money that they have left over after paying for all of their expenses. This disposable income can be saved, invested, or used for discretionary spending.

Answer 2

Answer: Gross pay: Gross pay refers to the total amount of income an individual earns before any deductions, such as taxes, insurance premiums, or retirement contributions. It represents the person's total earnings from employment or other sources before any expenses are subtracted.

Spending: Spending refers to the amount of money a person uses or allocates for various expenses, such as bills, rent or mortgage payments, groceries, transportation, entertainment, and other personal expenditures.

The difference between gross pay and spending is often referred to as disposable income or net income, which is the amount of money remaining after subtracting expenses from gross pay. It represents the actual income available for saving, investing, or additional discretionary spending.

Step-by-step explanation: