Question

Disposable income is defined as __________

A)income spent on entertainment and luxury items.
B)income spent on necessary goods and services.
C)an individual's annual money income before taxes.
D)the money income a person has left after all taxes have been paid.

Answer 1

Disposable income is the money that was available to invest save or spend on necessities and non-essential items after deducting income taxes

Step-by-step explanation: