owner of your local KFC franchise had a good year with rising revenues and reduced operating costs that resulted in a personal income of approximately $100,000.One-third of that was taken for local,state,and federal income taxes and another third went to pay for a home mortgage,car payments,food,clothing,and other necessities.What is the remaining third called?
A) gross income
B) bonus income
C) discretionary income
D) disposable income
E) profit

Question

Quizplus · Accepted Answer

Discretionary income is the portion of an individual's income that is left for spending, investing, or saving after taxes and necessities have been paid.

Owner of Your Local KFC Franchise Had a Good Year