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Ivenika [448]
4 years ago
12

What term for diposable income is?

Social Studies
1 answer:
Marina CMI [18]4 years ago
8 0
Gross income of an individual or firm from which direct taxes (such as PAYE, income tax) have been deducted. When essential expenditure (such as on food, clothing, shelter) is deducted from the disposable income, the balance is called discretionary income which the income earner is free to spend or save.
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