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Disposable income is total income

Economics
JAMB 2015
Disposable income is total income
  • A. less tax
  • B. divided by tax
  • C. plus tax
  • D. multiplied by tax
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Correct Answer: Option A
Explanation
Disposable income can only be obtained if tax has been deducted. So it is the income available for savings and spending after the deduction of personal income tax
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