After paying high taxes and covering the costs of high expenses for necessities, if a consumer's ________ is still high, she may be able to take advantage of the luxurious vacation travel opportunities like staying at the Ritz Carlton in New York City's Central Park.
A) savings rate
B) gross income
C) taxes
D) discretionary income
E) disposable 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 are paid. It is the income available for luxury spending, such as vacations.

After Paying High Taxes and Covering the Costs of High