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What are 2 non-discretionary expenses?
transportation costs entertainment
How do you calculate discretionary income?
Discretionary income is calculated by subtracting necessary expenses from gross income. First, determine your gross income, which includes all earnings before taxes and deductions. Then, identify and sum up necessary expenses, such as housing, utilities, food, and transportation. Finally, subtract the total necessary expenses from your gross income to find your discretionary income, which represents the amount available for non-essential spending or savings.
What is a discretionary income?
the amount of money available in a budget after all identified expenses has been paid
What is the money left over after paying your necessary expenses called?
Discretionary Income Discretionary income = Gross income - taxes - all compelled payments (bills) Reference: http://en.wikipedia.org/wiki/Disposable_and_discretionary_income
What is the difference between discretionary and controllable cost?
Discretionary cost is that amount which is at somebody's discretion like manager etc. Controllable cost is that amount which is in the hands of management to be controlled or not like advertisement expenses etc.
What are 2 non-discretionary expenses?
transportation costs entertainment
What are discretionary appropriations?
discretionary expenses means in short word expenses on self wants or needs in company or home.
How is discretionary income calculated?
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
What are non discretionary expenses?
transportation costs entertainment
What is management Discretionary expenses techniques artificial or real?
both
When budgeting for your immediate needs you should divide them into immediate and discretionary expenses.?
When budgeting for your immediate needs, you should divide them intoA.immediate and discretionary expenses.B.fixed and immediate expenses.C.discretionary and fixed expenses.D.fixed and intermittent expenses.
What is the term for Money left to spend after necessary expenses are paid?
Discretionary Income
Example of discretionary spending?
There are a great many examples in the world of discretionary spending. Discretionary spending can be as simple as choosing whether you want to spend your money on ice cream.
How do you calculate discretionary income?
Discretionary income is calculated by subtracting necessary expenses from gross income. First, determine your gross income, which includes all earnings before taxes and deductions. Then, identify and sum up necessary expenses, such as housing, utilities, food, and transportation. Finally, subtract the total necessary expenses from your gross income to find your discretionary income, which represents the amount available for non-essential spending or savings.
What is the main purpose of short-term planning?
To meet fixed expenses and allow for discretionary spending.
The main purpose of short-term planning?
To meet fixed expenses and allow for discretionary spending
What is a discretionary income?
the amount of money available in a budget after all identified expenses has been paid
