264
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 264 • Career Explorations A

Savings should be treated as another type of

Answer
A
gross income.
B
net income.
C
tax.
D
expenditure.

Explanation

Savings are money set aside from income rather than money earned or paid as tax. In a budget, money set aside is treated as an expenditure because it is allocated out of the available income, even though it remains yours. So savings are another type of expenditure.

AI-written and checked against the verified answer.

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