To calculate disposable personal income, you take personal income and subtract personal taxes. Disposable personal income represents the amount of money individuals have available for spending and saving after accounting for taxes. It reflects the income that can be used for consumption or saved for future use.
individual income taxes
Personal Income = Disposable Income + Personal Savings
Discretionary income, not personal income or disposable income, would be the greatest interest to marketers.
a
Private disposable income is calculated by taking the total personal income received by individuals and households, which includes wages, salaries, dividends, and interest, and then subtracting taxes paid and non-reimbursable transfers (such as social security contributions). The formula can be expressed as: Private Disposable Income = Total Personal Income - Taxes - Non-reimbursable Transfers. This figure represents the amount of income available for consumption and saving after accounting for mandatory financial obligations.
disposable personal income
disposable personal income
disposable personal income
a direct relationship.
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.
yes because the disposable income it is necessary to determine total income so when income decrease does disposable income decrease also.