Question

Your gross pay is $1,878.96, net income is $1,196.34, and fixed expenses are $1,338.54. What is your discretionary income?

$142.20

You have a deficit of $142.20.

You have a deficit of $540.42.

Answer 1

You have a deficit of $142.20

Explanation:

Given

• Gross pay = $1,878.96
• Net income = $1,196.34
• Fixed expenses = $1,338.54

Solving

• discretionary income = net income - fixed expenses
• = 1196.34 - 1338.54
• = -142.20
• Deficit of $142.20