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19 November, 09:37

Leah had an excellent year as a salesperson in 2017, earning $98,000. She paid $38,000 for necessities such as mortgage, food, and clothing. Her state and federal income taxes totaled $24,000. What was her disposable income?

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  1. 19 November, 10:00
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    Disposable income = $74,000

    Explanation:

    Disposable income is the protein of a person's income that is available for saving and spending after income tax has been paid.

    Disposable income is used to guage the state of the economy.

    Formula for disposable income is

    Disposable income = Income - Tax

    Disposable income = 98,000 - 24,000

    Disposable income = $74,000
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