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Disposable income is the income earned

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Economics WAEC 2014

Disposable income is the income earned

  • by the nationals of a country resident within the country
  • from prouctive activities of nationals of a country both at home and abroad
  • when personal income tax is deducted from personal income checkmark
  • when the gross income of an individual is added to person income tax

The correct answer is: 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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