Business

Lailah Mejia

30 January, 05:54

As the owner of a women's clothing store, Caroline Lipscomb has an income of $75,000. She pays $30,000 per year in taxes and another $17,000 per year in grocery bills, house mortgage, and car payment. Last year she went to Italy and spent an additional $4,000. What was Caroline's discretionary income last year?

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “As the owner of a women's clothing store, Caroline Lipscomb has an income of $75,000. She pays $30,000 per year in taxes and another ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

The following data are for Lily Kay Company. Total sales revenue $250,000 Number of units sold 50,000 units Contribution margin per unit $3.50 Fixed costs $100,000 Calculate the number of units that must be sold to generate net income of $80,000. a.

Which of the following are fundamental to ORM mission success? A) Complacency is not a part of ORM B) Complete the task before informing your supervisor of risk discoveries C) Mission success is a shared responsibility D) Knowledge of hazard

One year ago, you entered into a futures contract to buy 100,000 euros at a futures contract price of $1.22, with a settlement date in one year. Assume that at the contract's maturity the spot rate of the euro is $1.

What are some factors that influence how individuals invest their money? what should individuals keep in mind when investing money?

15. Marta is interviewing candidates for a position in the Human Resources department at her company. She is deciding who to interview by going through resumés and looking at the subject areas in which each candidate studied.

New Questions in Business

When can interest be included in the acquisition cost of a plant asset? A : during the construction period of a self-constructed asset B : when the asset is purchased on credit C : when the asset acquisition is financed by a long-term note payable D

Nasa wanted to know if extended periods of weightlessness would have an impact on long-term circulatory function.

If you win 30 million dallar from lottery how huch do you get is back before tax

You rent a DVD of The Dark Knight Rises. The rental is for seven days and you watch the movie on the first day. You tell a friend about the film and your friend asks to come over and watch the movie with you before it is due back.

Coronado Corporation is preparing its December 31, 2020, balance sheet. The following items may be reported as either a current or long-term liability. 1. On December 15, 2020, Coronado declared a cash dividend of $4.