Terms Beginning With 'd'

Discretionary Income

  • January 29, 2020
  • Team Kalkine

The amount of a person’s income remaining for investing, saving or spending after paying for personal necessities and taxes, is termed as discretionary income. In other words, the discretionary income can be termed as the income spent on goods that are non-essential to consumers. It can be calculated by taking a difference of personal income and personal current taxes.

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