Financial advisors generally figure that one's disposable income will be _____ percent (%) less than the gross income.
A. 5 - 10
B. 10 - 20
C. 20 - 30
D. 40 – 50
I think its A or B because usually its 10%....
I think its A because in my reading it only says 10% of the advisors help out
its not A, i do belive it's B
its not b
To determine the percentage of disposable income, financial advisors commonly use a range based on the individual's gross income. Let's break down the options and find the correct answer:
A. 5-10%: This range suggests that one's disposable income will be between 5% and 10% less than their gross income. It is a possibility, but it might be on the lower end of the range.
B. 10-20%: This suggests that disposable income will be between 10% and 20% less than gross income. This is a commonly used range by financial advisors, as you mentioned.
C. 20-30%: This range implies a larger percentage of disposable income being deducted, which might be uncommon for most individuals.
D. 40-50%: Deducting 40% to 50% of the gross income as disposable income seems extremely high and is unlikely to be accurate for the majority of individuals.
Based on these options, it is most likely that option B, 10-20%, is the correct answer as it aligns with the general advice given by financial advisors.