Flummoxed with income less than outlay? (2,1,4)
I believe the answer is:
at a loss
I believe this is a double definition.
'flummoxed' is the first definition.
(I've seen this in another clue)
'with income less than outlay?' is the second definition.
(I've seen this before)
(Other definitions for at a loss that I've seen before include "Perplexed - no profit in it" , "Unable to understand - no profit in it" , "How unprofitable business is run" , "Puzzled - below cost" , "Puzzled, bewildered" .)