Discretionary Income Refers to

question 34

Multiple Choice

Discretionary income refers to

• A) the money deducted from a person's paycheck to pay for federal, state, and local taxes.
• B) the total amount of money made by a single individual in his or her lifetime.
• C) the money a consumer has left after paying taxes to use for necessities such as food, shelter, clothing, and transportation.
• D) the money that remains after paying for taxes and necessities.
• E) the money that is spent for necessities or charitable causes that is exempt from taxation.

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Definitions:

Southern States

The states in the southern region of the United States, particularly those that formed the Confederacy during the American Civil War.

Lifestyle Impact

The effect that an individual's choices and behaviors have on their health, wellbeing, and environment.

1950s

A decade marked by post-World War II recovery, the beginning of the Cold War, and cultural shifts in music, fashion, and lifestyle.

Television

A system for transmitting visual images and sound that are reproduced on screens, primarily used for broadcasting programs for entertainment, information, and education.