Answer-Which of the following is true for Disposable Income?

Disposable income, also known as disposable personal income, is the amount of money that an individual or household has to spend or save after income taxes have been deducted. It is given as the difference between Personal Income and Direct Taxes.

Question

Which of the following is true for Disposable Income?

A Disposable Income is the difference between Private Income and Indirect Taxes

B Disposable Income is the difference between Personal Income and Indirect Taxes

C Disposable Income is the difference between Private Income and Direct Taxes

D Disposable Income is the difference between Personal Income and Direct Taxes

E None of the above

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Solution