money a consumer has left after paying taxes to use for necessities such as food,shelter,clothing,and transportation is referred to as __________.
A) net income
B) disposable income
C) discretionary income
D) household income
E) gross income

Question

Quizplus · Accepted Answer

Disposable income is the amount of money a consumer has left after paying taxes to use for necessities such as food, shelter, clothing, and transportation. This is the money that can be used for discretionary spending, such as entertainment and travel, after essential expenses have been covered.

Money a Consumer Has Left After Paying Taxes to Use