As a new graduate, you made a salary of $50,000CDN; after paying taxes to use for such necessities as food, shelter, clothing, and transportation, you have $22,000CDN left over. This amount is known as your:

Question

Quizplus · Accepted Answer

The amount left over after paying taxes and necessary expenses is known as disposable income. The other options, net income and gross income, refer to different stages of income that occur before or after taxes and deductions, while "income" on its own is too general of a term to specify what stage of income is being referred to.

As a New Graduate, You Made a Salary of $50,000CDN;