Chapter 9—Product Concepts

5-84. As the owner of a videotape rental store, Katy Hilton has an income of $72,000. She pays $30,000 per year in taxes and another $22,000 per year in grocery bills, house mortgage, and car payment. Last year she spent an additional $4,000 on a two-week vacation at a Club Med in Cancun, Mexico. What was Katy's discretionary income last year? ................
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