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?
Correct Answer : b ) Disposable personal incomeExplanation :
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.
Word Of The Day
Noun: A hard rigid usually large covering of an animal.; The outside part of a fruit or seed.; Something like an external structure that resembles a shell.; A casing without substance.; The hard exterior of an egg.; A hard enclosing cover.
Verb: To take out of the shell.; To fall out of the shell.; To cast the external covering.; To gather shells from a beach.
"My mother collected shells at the beach."View More