Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Funds that are left over after you have paid for the necessities of food, clothing, and shelter are
called
O Expenditure funds
Discretionary Funds
O Savings
Mandatory Funds

Sagot :

GinnyAnswer

Final answer:

Discretionary income, mandatory spending, and disposable income are key financial concepts related to funds allocation and budgeting.


Explanation:

Discretionary income refers to the funds left over after paying for necessities like food, clothing, and shelter. This money can be invested, saved, or spent on non-essential items.

Mandatory spending is the portion of federal spending required by law, such as entitlement programs. On the other hand, discretionary spending is the money that Congress can allocate based on yearly choices and legislation.

Disposable income is what remains after taxes and can be used for various purposes, including savings or non-essential purchases.


Learn more about Discretionary income here:

https://brainly.com/question/29627808


Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.