WAEC - Economics (2014 - No. 8)
Disposable income is the income earned
by the nationals of a country resident within the country
from prouctive activities of nationals of a country both at home and abroad
when personal income tax is deducted from personal income
when the gross income of an individual is added to person income tax
Explanation
Disposable income; income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes.
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