The amount of income a family has left after paying taxes is:

Question

Quizplus · Accepted Answer

Disposable income is the amount of income a family has left after paying taxes, and it is often used to measure a family's ability to spend and save. Discretionary income refers to the amount of income left after paying for necessary expenses such as rent, food, and utilities, while personal income refers to the total amount of income earned by an individual. Total income refers to the sum of all income sources, including earned and unearned income. Marginal income refers to the additional income earned from producing one additional unit of output.

The Amount of Income a Family Has Left After Paying