Science Fair Project Encyclopedia
Disposable income
Disposable income is the amount of an individual's total income left after taxes, plus any transfer payments (grants) received from the government or elsewhere, which is available for spending and saving. It is distinguished from discretionary income which is disposable income minus fixed consumption costs (such as rent/mortgage, food, car payments, insurance, etc.) The latter is income that you spend on things that you want, not the money you spend on what you need.
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03-10-2013 05:06:04
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details