The portion of one's income that remains after paying for taxes and necessities is referred to as
A) net income.
B) discretionary income.
C) disposable income.
D) household income.
E) gross income.

Question

Quizplus · Accepted Answer

Discretionary income is the amount of an individual's income that is left for spending, investing, or saving after taxes and necessities (such as food, shelter, and clothing) have been paid.

The Portion of One's Income That Remains After Paying for Taxes