Question
Download Solution PDFPersonal Disposal Income = Personal Income − ________.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is personal taxKey Points
- Personal Disposal Income = Personal Income - Personal Income tax.
- Personal disposable income can be calculated by subtracting personal income tax payable from personal income (wages, commission, salary).
- Personal Disposable Income refers to the amount of money available to an individual or household to spend or save after income tax and other mandatory taxes have been deducted.
- It helps economists to measure the savings and spending rates of households.
Additional Information
- A subsidy is a benefit given to an individual, household, or institution by the government usually in order to reduce the beneficiary's expense.
- Rent is referred to as the part of the produce which is paid to the owner of land for the use of his goods and services.
- Wages are the remunerations that a person gets in return for the service provided by him.
Last updated on May 28, 2025
-> SSC JE notification 2025 for Civil Engineering will be released on June 30.
-> Candidates can fill the SSC JE CE application from June 30 to July 21.
-> The selection process of the candidates for the SSC Junior Engineer post consists of Paper I, Paper II, Document Verification, and Medical Examination.
-> Candidates who will get selected will get a salary range between Rs. 35,400/- to Rs. 1,12,400/-.
-> Candidates must refer to the SSC JE Previous Year Papers and SSC JE Civil Mock Test, SSC JE Electrical Mock Test, and SSC JE Mechanical Mock Test to understand the type of questions coming in the examination.
-> The Staff Selection Commission conducts the SSC JE exam to recruit Junior Engineers in different disciplines under various departments of the Central Government.