Discretionary Income
Discretionary income = Gross income - taxes - all compelled payments (bills)
Reference: http://en.wikipedia.org/wiki/Disposable_and_discretionary_income
prepaid expenses are paid in advance and they are called current assets.The outstanding expense is the unpaid money,still owed.
profit
deposite income
1. Money left after a business pays expenses
A business (company or individual) earns money - called earning or revenue. To earn this, the entity incurs expenses - such as material, salaries, telecom costs. When you subtract the expenses from the revenue, the result is called 'profit', if it is positive, and 'loss', if negative. So the difference is - expenses are the costs incurred by a business, and loss is the difference between earnings and expenses, (if expenses are more than revenues).
paying out or spending
Discretionary Income
*total your income *figure out how much money you are spending. *categorize your expenses to show where your money goes. *determine if your expenses are above or below your income. *reduce expenses in flexible categories to save or increase savings
Even the most high profile attorney is unlikely to reach billionaire status. Although lawyers do make substantial amounts of money, there are also big expenses such as paying interns, paying researchers, having a staff, paying off law school, and paying for office expenses.
Profit.
If you have money to spend after paying taxes and all expenses, you have spending power according to the amount of money you have left over. A tourist with spending power has money to spend after all travel expenses are paid or accounted for.
ProfitMoney that is left after all business expenses are paid is called profit.
Anything that requires money is a proof of cash.. the payment for the expenses, or anything you get through the use money is a proof of cash: buying, use of transportation expenses, paying for the services rendered, collection of income etc.
You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.You save a load of money in interest and lower your monthly expenses. You can put the money in the bank instead if you have no mortgage payments.
prepaid expenses are paid in advance and they are called current assets.The outstanding expense is the unpaid money,still owed.
profit
deposite income