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Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after minus taxes and minimal survival expenses (such as food, medicine, rent or mortgage, utilities, insurance, transportation, property maintenance, child support, etc.) to maintain a certain standard of living.
It is the amount of an individual's income available for spending after the essentials have been taken care of:
Discretionary income = gross income – taxes – all compelled payments (bills)
What else can I help you with?
How is discretionary income calculated?
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
How do households spend most of their discretionary income?
Households spend most of their discretionary income on consumption.
What is the different 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.
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.
What is the difference 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.
What is the different 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.
Would personal income disposable income or discretionary income be of the greatest interest to marketers?
Discretionary income, not personal income or disposable income, would be the greatest interest to marketers.
How much discretionary income does Paula have each month?
To determine Paula's discretionary income each month, we need to subtract her essential expenses (like housing, utilities, food, and transportation) from her total monthly income. Discretionary income is what remains after covering these necessary costs. If you provide Paula's monthly income and her essential expenses, I can help you calculate her discretionary income.
What has the author Fabian Linden written?
Fabian Linden has written: 'A marketer's guide to discretionary income' -- subject(s): Statistics, Discretionary income, Income 'Consumer affluence'
What items would be paid for with discretionary income?
Anything can be paid for with discretionary income. That's what makes it discretionary. "Discretionary income" isn't a real "thing". It's actually all just income. "Discretionary" income refers to what's left over after you've paid for necessities: food, water, shelter, taxes, "fixed costs", things like that. So, probably the item among the following that isn't actually a NEED is the one the question is looking for.
What is the money left over after paying your necessary expenses called?
Discretionary Income Discretionary income = Gross income - taxes - all compelled payments (bills) Reference: http://en.wikipedia.org/wiki/Disposable_and_discretionary_income
What kinds of products are purchased with discretionary income?
Discretionary income is mone income a person has left to spend on extras after necessities have been bought so any left over income can be saved or spent on extras such as luxury items or entertainment.
