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What should you do with the money left over after all monthly expenses are paid?

Put into a savings account.


What word means money left over after expenses are paid?

The word for money left over after expenses are paid is "profit." Profit represents the financial gain that remains after all costs associated with generating revenue have been deducted. It can also be referred to as net income or net earnings in a business context.


Where do Funds left over from a 529 plan after all college expenses have been paid go?

Funds left over in a 529 plan after all college expenses have been paid can be withdrawn, but this may come with tax implications. If the money is used for non-qualified expenses, it will incur income tax and a 10% penalty on the earnings portion. Alternatively, the funds can be rolled over to another family member’s 529 plan or kept for future educational expenses, as the account can remain open indefinitely.


Whom does the funds left over from coverdell education savings account after all education expenses are paid?

The beneficiary receives the funds left over from the Coverdell Savings Account.


What is the difference between operating income and operating revenue?

Operating income is the profit a company makes from its core business operations after deducting operating expenses, while operating revenue is the total amount of money generated from those core business activities before deducting expenses. In simple terms, operating income is the profit left over after subtracting expenses from revenue.

Related Questions

What is the money that is left over after all of the business expenses are paid called?

ProfitMoney that is left after all business expenses are paid is called profit.


The money left over after all of a business's expenses ae paid is called a?

profit


What should you do with money left over after monthly expenses are paid?

Put into a savings account.


What term refers to the money left over after a business owner pays all expenses?

Profit


What should you do with money left over after all monthly expenses are paid?

Put into a savings account.


What should you do with the money left over after all monthly expenses are paid?

Put into a savings account.


What is a definition spending power tourist?

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.


Can you get grant money to pay living expenses while attending full time online college classes?

You cannot get a specific grant to pay for living expenses, but just as in a traditional college and left over money that you get from any loans or grants you have is given to you to help assist with living expenses .


In business what is the relationship between risk and profit?

The relationship between the two is that risk is needed to make a profit. A profit is money left over after expenses have been paid. To have expenses you need to take risks.


What is the meaning of profit?

The return cash-flow left over after your capital and other business expenses are paid off. In other words: the money left over after you have paid for every used in making the product or providing the service.


What is the term used to describe the difference between revenue and expenses?

Revenue is the amount of money a business/person makes as a whole. Expenses are things that a business/person has to pay for with their revenue such as utilities that a business uses. What's left over from the revenue after the expenses are paid for is profit.


What is the money called that is left over after paying for the necessities?

The money left over after paying for necessities is commonly referred to as "disposable income." This is the amount available for saving, investing, or spending on non-essential items. It represents the financial flexibility individuals have after covering their essential expenses, such as housing, food, and transportation.