CLEP Marketing

Category - Concepts

A survey is given out to primary school teachers with less than ten years of job experience about their income following payment of taxes and basic survival necessities, an amount that is referred to as
  1. Non-taxable income
  2. Taxable income
  3. Disposable income
  4. Discretionary income
  5. Refundable income
Explanation
Answer: D - A survey is given out to primary school teachers with less than ten years of job experience about their income following payment of taxes and basic survival necessities, an amount that is referred to as discretionary income. Discretionary income refers to money available to buy cars, luxury goods, entertainment, education, and so on.
Was this helpful? Upvote!
Login to contribute your own answer or details

Top questions

Related questions

Most popular on PracticeQuiz