The amount of income a family has left after paying taxes and paying for its necessities is called its ________ income.

A. family
B. modified
C. marginal
D. personal
E. discretionary


Answer: E

Business

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Bear Creek Golf Center reported actual operating income for the current year as $65,000. The flexible budget operating income for actual volume is $58,000, while the static budget operating income is $59,000. What is the flexible budget variance for operating income?

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Indicate whether the statement is true or false

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