What is Personal Disposable Income?
Answers
Answer:
Explanation:
Disposable income
personal income that remains after taxes and expenses are paid.
For example
if you you make 2000 a month, but after taxes it is $1600. Now your expenses total to $1400 per month, and you deduct that from $1600. This will give you disposable income of $200 a month that you can spend (or save) as you see fit.
Many people try to create multiple income streams to increase disposable income that they can use to make large purchases, or investments down the road
Answer:
Explanation:
Disposable income
personal income that remains after taxes and expenses are paid.
For example
if you you make 2000 a month, but after taxes it is $1600. Now your expenses total to $1400 per month, and you deduct that from $1600. This will give you disposable income of $200 a month that you can spend (or save) as you see fit.
Many people try to create multiple income streams to increase disposable income that they can use to make large purchases, or investments down the road