What is left of income after paying for taxes and paying for necessities?
A) Net income.
B) Real income.
C) Deductible income.
D) Gross income.
E) Discretionary income.

Question

Quizplus · Accepted Answer

Discretionary income refers to the amount of money that remains after paying for taxes and necessities, which can be used for discretionary spending such as entertainment, leisure activities, and luxury items.

What Is Left of Income After Paying for Taxes and Paying