The amount of spending money available to households after paying taxes is called
A)discretionary income.
B)at-will income.
C)disposable income.
D)tax-free income.
E)unaccountable incomE.

Question

Quizplus · Accepted Answer

Disposable income is the amount of money a household has left over after paying taxes, which can be used for spending, saving, or investing. Discretionary income refers to the portion of disposable income that is available for spending on non-essential items, while tax-free income refers to income that is not subject to taxation. At-will income and unaccountable income are not commonly used terms in the context of personal finance.

The Amount of Spending Money Available to Households After Paying