What is the advantage to spending less money than is earned?

Answers

Answer 1

pretty much saving up money. if you can save up enough you can treat yourself later in life

Answer 2

Hi there!

When you're spending less money than what you've earned, you can save the extra money (that you could have spent) for later. You'll also have more money overall, and make a profit.

Hope this helps!

Related Questions

llinois has a 3% state income tax on all earned income. Georgia has a tax rate starting at 1% to 6% on all earned income. What type of tax does Illinois have? A) Excise B) Progressive C) Proportional D) Regressive

Answers

Answer:

The correct answer is C (proportional tax)

Explanation:

A proportional tax is a duty forced so the expense rate is settled, with no change as the assessable base sum increments or diminishes. The measure of the assessment is to the extent to the sum subject to taxation.

"Proportional" portrays an appropriation impact on salary or use, alluding to the manner in which the rate stays reliable (does not advance from "low to high" or "high to low" as pay or utilization changes), where the negligible expense rate is equivalent to the normal duty rate. It very well may be connected to individual charges or to an assessment framework all in all; a year, multi-year, or lifetime.

Corresponding expenses keep up equivalent duty frequency paying little heed to the capacity-to-pay and don't move the occurrence excessively to those with a higher or lower financial prosperity.

Answer:

It is C. Proportional

Explanation:

Proportional is the type of tax rate that Illinois has. They have a flat rate charged to all citizens of the state.

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