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    Question

    Which of the following is true for Disposable Income?

    A Disposable Income is the difference between Private Income and Indirect Taxes Correct Answer Incorrect Answer
    B Disposable Income is the difference between Personal Income and Indirect Taxes Correct Answer Incorrect Answer
    C Disposable Income is the difference between Private Income and Direct Taxes Correct Answer Incorrect Answer
    D Disposable Income is the difference between Personal Income and Direct Taxes Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    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.

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