Question

What is the money that a person has left after income tax called

Answer 1

Answer:

Explanation:Discretionary income

Answer 2

Answer:

Explanation:

• The money that a person has left after income tax called as disposable income.
• Disposable income can be defined as the subtraction between the total personal income and personal current taxes.
• According to the definitions of national accounts, the subtraction between the personal income and personal current taxes is equal to the disposable personal income. It is termed as DPI.