The difference between NMI and discretionary income lies in their definitions and scope of application. NMI refers to the amount of money a person earns after taxes and deductions are taken out, while discretionary income represents the money left over after essential expenses are paid. NMI is a broader concept that includes all sources of income, whereas discretionary income only considers disposable income.
The difference between NMI (Net Monthly Income) and discretionary income lies in their definitions and scope of application. NMI refers to the amount of money a person earns after taxes and deductions are taken out, while discretionary income represents the money left over after essential expenses, such as rent and bills, are paid for. NMI is a broader concept that includes all sources of income, whereas discretionary income only considers disposable income.
For example, if someone earns $3,000 per month and after taxes and deductions their NMI is $2,500, they would have $2,000 worth of discretionary income if their essential expenses were $500.
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Answer:
8y^50
Step-by-step explanation:
Answer:
8y^50
Step-by-step explanation: