When creating a budget, use your:
A) Net income
B) Taxes
C) Miscellaneous income
D) All of the above
E) None of the above

Question

Quizplus · Accepted Answer

When creating a budget, it is important to use your net income, which is the amount of money you earn after taxes and other deductions. This is the amount of money you have available to use towards expenses and savings, so it is crucial to have an accurate understanding of your net income when creating a budget. Miscellaneous income can also be included, but it is important to prioritize and track regular sources of income first. Taxes are not relevant for creating a budget as they are already deducted from your net income.

When Creating a Budget, Use Your