The money left over after paying for housing, food, and other necessities is called

Question

Quizplus · Accepted Answer

Discretionary income refers to the amount of money left over after paying for necessary expenses such as housing, food, and utilities. It is the extra money that individuals have that they can choose to spend on non-essential items such as hobbies, entertainment, and travel.

Answer: C 
 Disposable income is the total amount of money a person has available for spending or saving after taxes have been paid. It includes both necessary expenses and discretionary spending. It is important to note that discretionary income is a subset of disposable income.

The Money Left Over After Paying for Housing, Food, and Other