FOOD TECHNOLOGY

FOOD PROCESSING AND PRESERVATION

HIGH PRESSURE PROCESSING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Disposable income refers to amount of income left to an individual after taxes have been paid.True or False?
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Income left after paying taxes is referred to as disposable income. Disposable income is thus total personal income minus personal current taxes . Discretionary income is disposable income minus all payments that are necessary to meet current bills.

Detailed explanation-2: -Disposable income is the money that is available to invest, save, or spend on necessities and nonessential items after deducting income taxes. Discretionary income is what a household or individual has to invest, save, or spend after necessities are paid.

Detailed explanation-3: -Which of the following is true of disposable income? It equals consumption expenditures plus saving.

Detailed explanation-4: -Disposable income, also known as disposable personal income (DPI), is the amount of money that an individual or household has to spend or save after income taxes have been deducted.

There is 1 question to complete.