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Starting with the revenue statement, Alice’s income has increased. Her income tax withholding and deductions have also increased, but she nonetheless has greater disposable revenue (take-residence pay). Many of her residing expenses have remained consistent; rent and leisure have increased. Curiosity expense on her automobile mortgage has elevated, but since she has paid off her pupil mortgage, that interest expense has been eradicated, so her complete curiosity expense has decreased. General, her net earnings, or private revenue, what she clears after covering her residing bills, has almost doubled.
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