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Finra Series-6 Exam - Topic 1 Question 103 Discussion

A person's discretionary income is:
C) the income that he has left to spend or save after having paid taxes on the income and for all of the necessities, e.g., housing, food, clothing, transportation, utilities, etc.
A) the amount that can be allocated to speculative investments.
B) his income after tax.
D) the amount of his income that is needed to pay his regular monthly bills, e.g., rent, food, gasoline, utilities, health insurance, etc.

Finra Series-6 Exam - Topic 1 Question 103 Discussion

Actual exam question for Finra's Series-6 exam
Question #: 103
Topic #: 1
[All Series-6 Questions]

A person's discretionary income is:

Show Suggested Answer Hide Answer
Suggested Answer: C

A person's discretionary income is the income that he has left to spend or save after having paid taxes on the income and for all of the necessities, e.g., housing food, clothing, transportation, utilities, etc. His income after tax is referred to as his disposable income.


by Hector at Jul 08, 2025, 01:19 AM

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Lorita
9 months ago
A is misleading, it’s not just for investments.
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Joesph
9 months ago
C is definitely the right answer!
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Ashley
9 months ago
Wait, isn’t it just after taxes? Seems too simple.
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Pok
9 months ago
Totally agree, it’s all about what you can spend freely.
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Glory
9 months ago
Discretionary income is what’s left after essentials!
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Jani
10 months ago
I feel like option D is more about regular expenses, not really discretionary income. I think C is the right choice, but I hope I remember this correctly!
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Rolande
10 months ago
I’m a bit confused because I thought discretionary income was just after-tax income, but now I’m not sure if that includes all the necessary expenses.
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Burma
10 months ago
I remember practicing a question similar to this, and I think it was about the income left after taxes and essentials. So, I’m leaning towards option C.
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Trina
10 months ago
I think discretionary income is what you have left after paying for necessities, but I'm not entirely sure if it includes taxes too.
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Maricela
10 months ago
I feel pretty confident about this one. Discretionary income is the money you can use for optional or non-essential spending, so the answer has to be C.
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Hyman
11 months ago
Okay, I've got this. Discretionary income is the money you have left over after paying for all your essential expenses. So the correct answer is C.
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Albina
11 months ago
Hmm, I'm not totally sure about this one. I'm trying to remember the definition of discretionary income, but I'm a bit confused. I'll have to think it through carefully.
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Tashia
11 months ago
This one seems pretty straightforward. I think the answer is C - the income left after paying for necessities.
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Felix
1 year ago
I see your point, Novella. So, C is the best answer.
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Novella
1 year ago
I don't think so, discretionary income is more about what you have left to spend or save.
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Kris
1 year ago
But couldn't it also be A, for investments?
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Tijuana
1 year ago
Hmm, I'm going with C. Discretionary income is like that secret stash of cash you can use to bribe the exam proctor, right? Just kidding, but seriously, C is the way to go.
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Lillian
1 year ago
D is a close one, but C really nails it. Discretionary income is what you can use for fun stuff, like buying tickets to the next Weird Al concert. That's living the dream, my friends.
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Rana
1 year ago
C) the income that he has left to spend or save after having paid taxes on the income and for all of the necessities, e.g., housing, food, clothing, transportation, utilities, etc.
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Dorothy
1 year ago
A) the amount that can be allocated to speculative investments.
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Reta
1 year ago
I like C, it covers all the bases. Discretionary income is that sweet spot between what you need to live and what you can play with. Gotta love that extra cash!
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Brock
1 year ago
C is the way to go, it's important to have that balance between covering your needs and having some discretionary income for fun or savings.
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Delfina
1 year ago
Definitely, having some extra cash to play with is always a good feeling. It gives you more freedom to do what you want.
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Luke
1 year ago
I agree, C is the correct answer. It's all about what you have left to spend or save after taking care of the essentials.
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Felix
1 year ago
I agree with Novella, discretionary income is what's left after paying taxes and necessities.
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Jutta
1 year ago
C is the correct answer. Discretionary income is the money left over after paying for necessities like rent and groceries. Simple enough, right?
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Krissy
1 year ago
A: Exactly, it's the income you can use for things like entertainment or savings.
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Shayne
1 year ago
B: Yeah, that makes sense. It's the money you have left to spend or save after all the necessary expenses.
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Delmy
1 year ago
A: I think the answer is C. Discretionary income is what's left after paying for essentials.
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Novella
1 year ago
I think the answer is C.
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