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Disposable income is the income earned

Economics
WAEC 2014

Disposable income is the income earned

  • A. by the nationals of a country resident within the country
  • B. from prouctive activities of nationals of a country both at home and abroad
  • C. when personal income tax is deducted from personal income
  • D. when the gross income of an individual is added to person income tax
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Correct Answer: Option C
Explanation

Disposable income; income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes.

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