Components of a consumer's income include:
A)taxes, perquisites, and salary.
B)salary, wages, commissions, and fees.
C)inflation, recession, and recovery.
D)gross, disposable, and discretionary incomes.

Question

Quizplus · Accepted Answer

The components of a consumer's income are generally categorized as gross income, disposable income, and discretionary income. Gross income is the total amount earned through wages, salaries, and other sources before deductions. Disposable income is the amount of money left after taxes and other mandatory deductions. Discretionary income is the amount of money left after all necessary expenses have been paid, which can be used for discretionary spending such as entertainment or savings.

Components of a Consumer's Income Include