Alberto just started his summer internship at REEF Technolog…
Alberto just started his summer internship at REEF Technology and received a weekly paycheck of $1,200. REEF applies a 7% federal income tax rate to Alberto’s paycheck, along with $50 in state and local taxes. He also needs to pay $120 in groceries and $400 in rent. And he is hoping to be able to take a $200 trip to see friends in New York. What is Alberto’s discretionary income?