Bill's income is $1,000 and his net taxes are $250. His disposable income is:

Name: Bill's income is $1,000 and his net taxes are $250. His disposable income is:
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Quizplus · Accepted Answer

Disposable income is the income a person has left over after taxes and other deductions. In this case, Bill's disposable income can be calculated as:
Disposable Income = Income - Net Taxes
Disposable Income = $1,000 - $250
Disposable Income = $750
Therefore, Bill's disposable income is $750, which is option B.

Bill's Income Is $1,000 and His Net Taxes Are $250