Discretionary Income Can Be Defined as ________

question 20

Multiple Choice

Discretionary income can be defined as ________.

• A) take-home pay
• B) take-home pay that is adjusted to reflect inflation
• C) take-home pay that is adjusted to reflect a base year
• D) money left over after paying taxes and buying necessities

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Definitions:

Seller

An individual, company, or entity that provides goods or services to buyers in exchange for money or other compensation.

Economy's Income

The total wealth and resources generated and distributed within an economy.

Economy's Expenditure

The total spending in an economy, including consumption, investment, government purchases, and net exports.

Total Income

The sum of all earnings received by an individual or entity, including wages, salaries, benefits, and other forms of compensation.