The meaning of DISPOSABLE INCOME is income that is left after paying taxes and for things that are essential, such as food and housing. How to use disposable income in a sentence.
Define disposable income. disposable income synonyms, disposable income pronunciation, disposable income translation, English dictionary definition of disposable income. n 1. the money a person has available to spend after paying taxes, pension contribut
Definition Disposable incomeis the money you have left from your income after you pay taxes. It's calculated using the following simple formula: disposable income = personal income – personal current taxes. Key Takeaways Disposable income is the money you have left from your income after you pa...
Learn the definition of disposable income and why it is important. Understand the impact of disposable income on business, government, and individual consumers. Updated: 11/21/2023 Table of Contents What is Disposable Income? Importance of Disposable Income Disposable Income Examples Lesson Summary ...
disposable income inEconomics topic From Longman Dictionary of Contemporary Englishdisˌposable ˈincomenoun[uncountable]the amount of money you have left to spend after you have paid your taxes,billsetcExamples from the Corpusdisposable income•Economy: Docustomershave enoughdisposable income?•In...
disposable income, that portion of an individual’s income over which the recipient has complete discretion. An accurate general definition of income is not easy to provide. Income includes wages and salaries, interest and dividend payments from financial assets, and rents and net profits from busin...
Disposable Income is the money that is available from an individual’s salary after he/she pays local, state, and federal taxes. It is also
Knowledge application- use your knowledge to calculate disposable income Additional Learning To learn more about disposable income, review the accompanying lesson titled What Is Disposable Income? Definition & Explanation. The lesson covers the following objectives: ...
Disposable Income Definition Disposable income, also known as disposable personal income (DPI) or net pay, is the amount of money you have left over from your total annual income after paying all direct federal, state, and local taxes.
The term “personal income” is sometimes used to refer to the total compensation received by an individual, but this is more aptly referred to as individual income. In most jurisdictions, personal income, also calledgross income, issubject to taxation above a certain base amount.1 ...