The money available to a household over and above that required for a comfortable standard of living is termed:
A) diversion income.
B) discretionary income.
C) consumer income.
D) 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 personal necessities (like food, shelter, and clothing) are taken care of. It is the money that can be used at one's discretion or the income available to a household over and above what it requires to have a comfortable standard of living.

The Money Available to a Household Over and Above That