Components of a consumer's income include __________.
A)inflation,recession,and depression
B)salaries,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

The components of a consumer's income include gross income (total earnings before taxes), disposable income (income after taxes and other deductions), and discretionary income (income available for spending or saving after necessary expenses are paid). Inflation, recession, depression, and taxes (sales, income, and property) are not components of a consumer's income. Assets, liabilities, and equities refer to a person's financial holdings, but not necessarily their income.

Components of a Consumer's Income Include __________