Components of a consumer's income include __________.
A)inflation,recession,and depression
B)salary,taxes,and assets
C)gross,disposable,and discretionary income
D)sales taxes,income taxes,and property taxes
E)assets,liabilities,and equities

Question

Quizplus · Accepted Answer

In consumer income, there are three types of income: gross income, disposable income, and discretionary income. Gross income refers to the total amount earned by a consumer before any deductions. Disposable income is the amount of money left over after taxes have been deducted. Discretionary income is the amount of money left over after taxes and living expenses have been paid. Therefore, option C is the correct choice as it lists all three types of income.

Components of a Consumer's Income Include __________