when a person has a balanced budget the\nnet income = disposable income.\ntotal income = total…
when a person has a balanced budget the\nnet income = disposable income.\ntotal income = total expenses.\ntotal expenses = savings.\ntotal expenses + savings = total income.
Answer
Brief Explanations:
In a balanced - budget situation, total income is equal to total expenses. Savings is what is left after expenses are paid. So, total income = total expenses + savings. Net income is the income after all deductions and is not the same as disposable income which is the income available for spending after taxes. The correct relationship for a balanced budget is total expenses + savings = total income.
Answer:
total expenses + savings = total income.