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This will vary from country to country, and from region to region. It will vary yearly and throughout the year, and will be different for different social and financial classes.
Strictly speaking, disposable income means:
Gross income less tax, the balance all being 'disposable'.
However, most people are more interested in what is known as discretionary income, which is:
Gross Income less Taxes less Necessities such as basic housing costs, transport, food etc. The residue is money that can be saved or spent on non-essentials.
To confuse matters, the term 'disposable income' is often used when 'discretionary' income is actually meant.
Governments and economists collect a lot of data on this type of information, and much of it is accessible to the public. The Media and Press are also very interested in giving wide publicity to changes in disposable income.
For more information, see Related links below this box.
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What is the percentage sallie Mae can garnish from you per garnishment?
Up to 25% of your disposable income. Disposable income is gross - taxes.
What are some of the major factors affecting the supply of loanable funds?
depends on five factors: the real interest rate, the household’s disposable income, the household’s expected future income, wealth, and default risk. A household increases its saving if the real interest rate increases, its disposable income increases, its expected future income decreases, its wealth decreases, or if default risk decreases.
How can you tell if a country is rich or poor?
GDP, Average household income, disposable income, how much debt the country is in, imports and exports...
What is the maximum percentage allowed for wage garnishment for child support in Florida?
50% of disposable income.
How to culculate personal income to disposable income?
Personal Income = Disposable Income + Personal Savings
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.
What is the acronym Of Dink?
1.) Dual Income, No Kids (2 adults in a household with no children.....usually implies a lot of disposable income) 2.) Direct In Kind Funding
What percentage of household income do Americans spend on clothing?
Too much
Where can one find disposable income?
Disposable income is defined to be income that is available for spending and saving after all taxes have been accounted for. Therefore, disposable income is a result of any income in a general sense. One needs to have a source of income such as a job to have more disposable income.
What percentage of monthly income should go on household expenses?
Rent shouldn't be than one quarter of your income.
What is the Median Household Income in great Britain?
In 2010 the real adjusted gross disposable income of households per capita in PPS in the United Kingdom was 21,919 pounds. In 2011 it was 21,326.
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.
