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:

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Quizplus · Accepted Answer

Disposable income refers to the amount of money an individual has left over after taxes and other necessary expenses have been paid. In this case, the $22,000 CDN left over after paying taxes can be considered disposable income, as it is available for discretionary spending or savings. The other options, such as gross income (total income before deductions) or net income (income after deductions but before necessary expenses) do not accurately describe the amount of money that is available for discretionary spending.

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