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How does the amount of tax a person pays affect the person's disposable income?
Wiki User
∙ 10y ago
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
Wiki User
∙ 10y ago
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What is the amount of money a person has left on his or her income after taxes called?
disposable personal income
What is your family's total disposable income?
The amount that you have left after all of your taxes, bills, savings and all other necessary living expenses are paid or taken care of. If you do happen to have any disposable income after that then you should consider adding some of the amount to your savings for future use when you will not have any disposable income available to you. Amounts that you do NOT need at this time that you can give away to someone that may need it or throw the amount away what ever you choose to do with any disposable income that you might have.
What is a disposable personal income?
The amount that you have left after all of your taxes, bills, savings and all other necessary living expenses are paid or taken care of. If you do happen to have any disposable income after that then you should consider adding some of the amount to your savings for future use when you will not have any disposable income available to you. Amounts that you do NOT need at this time that you can give away to someone that may need it or throw the amount away what ever you choose to do with any disposable income that you might have.
Does disposable income decrease when income decreases?
yes because the disposable income it is necessary to determine total income so when income decrease does disposable income decrease also.
Differentiate between personal income and disposable income?
Personal income all of the income that you call your own, And disposable income would be any amount that YOU MAY HAVE LEFT AFTER contributing to your savings and retirement plans and paying all of your taxes, bills, debts, living, transportation and all other necessary expenses that you may have and owe. Any amount of your personal income THAT YOU HAVE LEFT AFTER THAT would be disposable income that you could give away, throw away or waste for unneeded expense that you want but do not need.
How does the amount of tax a person pays affect the persons disposable income?
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
Which of these is the amount of income individuals have after they save and pay their taxes?
Disposable income
As disposable income increases what happens to consumption spending?
Consumption also increases as disposable income increases.
How do changes in income affect the demand for a good?
Increases in income allow for more disposable income which increases spending and the demand for goods. Decreases in income conversely decreases disposable income which decreases spending.
What is the amount of money a person has left of his or her income after taxes called?
disposable personal income
What is the amount of money a person has left on his or her income after taxes called?
disposable personal income
The amount of money a person has left of his or her income after taxes is called?
disposable personal income
Can someones income be garnished at 100 percent?
No, the typical amount allowed is 25% of disposable income.
What is your family's total disposable income?
The amount that you have left after all of your taxes, bills, savings and all other necessary living expenses are paid or taken care of. If you do happen to have any disposable income after that then you should consider adding some of the amount to your savings for future use when you will not have any disposable income available to you. Amounts that you do NOT need at this time that you can give away to someone that may need it or throw the amount away what ever you choose to do with any disposable income that you might have.
What is a disposable personal income?
The amount that you have left after all of your taxes, bills, savings and all other necessary living expenses are paid or taken care of. If you do happen to have any disposable income after that then you should consider adding some of the amount to your savings for future use when you will not have any disposable income available to you. Amounts that you do NOT need at this time that you can give away to someone that may need it or throw the amount away what ever you choose to do with any disposable income that you might have.
What does the amount of consumption in an economy depend on A. Inversely on the level of disposable income B. Directly on the level of disposable income C. Inversely on the level of saving?
level of saving
How does amount of tax a person pays affect the person disposable income?
Taxes and deductions for other items are subtracted from the worker's gross pay to calculate net pay.
