Question

What is Personal Disposable Income?

Answer 1

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 2

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