Questions: The amount of income that households have left over after paying their personal taxes is disposable income.

The amount of income that households have left over after paying their personal taxes is disposable income.
Transcript text: The amount of income that households have left over after paying their personal taxes is $\qquad$ income.
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Solution

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The answer is the first one: disposable income.

Explanation for each option:

  • Disposable income: This is the amount of income that households have left over after paying their personal taxes. It is the income available for spending and saving.
  • Gross income: This refers to the total income earned by an individual or household before any taxes or deductions are taken out.
  • Personal income: This is the total income received by individuals, including wages, salaries, and other sources of income, before taxes are deducted.
  • National income: This is the total income earned by a country's residents and businesses, including wages, profits, rents, and other forms of earnings, typically measured over a year.

Summary: The correct term for the amount of income that households have left over after paying their personal taxes is "disposable income."

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