0
False. Your income refers to the total amount of money you earn, while your spending includes all expenses you incur. It's possible to spend more or less than your income, which affects your financial situation. Ideally, managing your spending within your income helps maintain financial stability.
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Continue Learning about Math & Arithmetic
True or false Money is a stock while income is a flow?
True
Is making money always on the agenda of the media true or false?
False
True or false Any property such as land or stock that may cover a person's liabilities is called his income?
false
Is it true or false if your mortgage exceeds 25 percent of your net income you have bought more house than you can afford?
True
Is not having the amount of money you need or are accustomed to can create feelings of intense stress true or false?
false
Related Questions
True or false Money is a stock while income is a flow?
True
True or False Income and expense columns are the primary components of a budget. a) True b) False?
false
Income effect indicates that a lower price increases the purchasing power of a buyers money income enabling the buyer to purchase more of the product than before. True or False?
True
If the government raises everyone's taxes consumers have less money or income to spend on consumer goods and services?
true A+
If the government raises everyone's taxes consumers have less money or income to spend on consumer goods and services.?
true A+
True or false federal income tax is proportional?
true
Gross income minus less expenses is equal to net income true or false?
true
Value x Rate equals Income True or False?
False.
True or false cats spend an average of 13 or 14 hours a day sleeping?
False
The income tax is an example of a progressive tax true or false?
its is true
Merchandise Inventory is found on the income statement. True or false?
It is true that merchandise Inventory is found on the income statement.
What two basic elements of a budget are income and expenses True or False?
true
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