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The level of income a family needs to afford all the necessities of life is called the?
Wiki User
∙ 12y ago
The poverty line is the level of income per year below which individuals cannot afford to buy all the necessities of life
Wiki User
∙ 12y ago
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What is the money remaining after paying for necessities called?
deposite income
What was disposable income in the 1920s?
The income remaining when all other necessities have been deducted from your income.
Why kid's parents can't afford trips on reality TV?
In life some people are fortunate and have an education and a job and are able to earn good money. While other people are not so clever or are unable to work for money. This means that not everyone has the same income. When a persons income is low, the available money needs to be budgeted for the necessities of living and trips are not necessities.
What car can someone with my family's income afford?
depends on the loan company and or teh price of budget cars in the area
Average Haiti Income?
The national income per household in Haiti per year is $560. This meager income makes it hard for Haitians to purchase the necessities in life that their family will need and is cause for much of the malnutrition and health care concerns within the country.
Factors affecting income elasticity of demand?
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
Can you buy a new house if you are upside down on your house?
Yes, if you have a huge and steady income and can afford to pay both mortgages.Yes, if you have a huge and steady income and can afford to pay both mortgages.Yes, if you have a huge and steady income and can afford to pay both mortgages.Yes, if you have a huge and steady income and can afford to pay both mortgages.
What is money left over after paying necessities?
discretionary income ka-ching!
What are the applications of income elasticity of demand?
Income elasticity of demand deals with how consumers respond to changes in their income. Generally, when individuals have a low income, much of it is spent on necessities like food, water, shelter, medical bills and clothing. But as ones income increases, less of it is spent on those necessities so save or spend on luxury items.
Could this be a good choice for families with low income?
Income-based Apartments are certainly a good choice for families with low income, as this allows the family to live within their means. You will only be placed in an apartment where you're able to afford where you're living.
Advantages of income tax?
Income tax helps to provide the infrastructure that businesses need to survive. They pay for necessities such as roads and utility services.
What is the between disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
