Question

• Analyze and calculate your average monthly disposable and discretionary incomes
Suppose your salary is your only source of income. You receive P72,000.00 gross
monthly income. You pay personal income taxes of 32%. You are living with your
parents so you do not pay rent. However, you settle your families utilities such as
average monthly electricity bill of P2,300.00 water bill of P550.00, and cable and
Internet bill of P1,999.00. You spend an additional P5,000.00 for transportation
expenses and allot P10,000.00 per month for your savings​

Answer 1

Answer:

How to Calculate Your Disposable Income. In theory, it should be easy: Take your paycheck after taxes and subtract your bills from it. Divide that amount by 7 or 14 days or whatever your pay period is. What's left over is the amount you can spend every day.

Step-by-step explanation:

Take your disposable income, which is the amount of money after taxes left, for example, in your paycheck. Subtract all of your necessities like paying for rent or housing, student loans, utilities, and food, and whatever is left over to spend, save, or invest is your discretionary income..

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