157k views
9 votes
Find out the meaning of the terms:
disposable income
gross salary
net salary

1 Answer

9 votes
Disposable income is the gross personal income minus taxes and any other deductions.

Gross salary is the sum of all earnings (wages, profits, interest etc.) before any deductions.

Net salary is the amount of earnings left over once all deductions have been made.
User Dave Jarvis
by
6.3k points