Banking Terminology | An amount of money that has to be spend or save after income taxes have been deducted.

Question of The Day25-06-2021

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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Sacrosanct

Something too important to be questioned.

"All the relatives came from all around the world to attend Mr. Rishu's marriage, which is sacrosanct."

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