a budget should be based on a persons income. gross discretionary net

a budget should be based on a persons income. gross discretionary net

a budget should be based on a persons income. gross discretionary net

Answer

Brief Explanations:

Net income is the amount of money a person actually has available to spend after taxes and other deductions. A budget should be based on the money that is truly accessible for financial planning. Gross income includes pre - tax earnings and doesn't reflect the spendable amount, and discretionary income is a part of net income after essential expenses.

Answer:

net