An amount of money that an individual or household has to spend or save after income taxes have been deducted.
Which of the following term suit the above description?
Answer
Correct Answer : b ) Disposable personal income
Explanation :An amount of money that an individual or household has to spend or save after income taxes have been deducted is known as Disposable personal income.
Formula for calculation is:
Disposable Personal Income = personal income – personal current taxes
The capital adequacy ratio (CAR) is a measurement of a bank's available capital expressed as a percentage of a bank's risk-weighted credit exposures.
Hence, option (b) is correct.
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Word Of The Day
Hamper
Noun: A large basket with a cap or cover, used for storing or transporting goods.; A large basket used to carry food items or other articles used to give someone as a present.
Verb: To hold back or interfere.; If someone or something hampers someone or something, it means they are making something difficult or interfering with something you are trying to do.
"Pandemic has hampered our organization's growth."
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