Niall O’Connor earns an income of $80,000, pays $30,000 in taxes, and receives $6,000 in transfer payments. Niall saved $8,000 at his local financial institution. Required: Determine Niall’s disposable income.
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Niall O’Connor earns an income of $80,000, pays $30,000 in taxes, and receives
$6,000 in transfer payments. Niall saved $8,000 at his local financial institution.
Required:
Determine Niall’s disposable income.
Step by step
Solved in 2 steps
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