Discretionary income refers to
A) the money that remains after paying for taxes and necessities.
B) the money deducted from a person's gross income for Federal, state, and local taxes.
C) the money a consumer has left after paying taxes to use for food, shelter, clothing, and transportation.
D) the combined earnings of all members of a single household as identified by Federal tax withholdings.
E) money that is spent for necessities or charitable causes that is exempt from taxation.
Correct Answer:
Verified
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