Discretionary income

Discretionary income,

Definition of Discretionary income:

  1. Income remaining after deduction of taxes, other mandatory charges, and expenditure on necessary items.

  2. Portion of an entitys income available for saving, or spending on non-essentials. It is what remains after expenses for basics (such as food, clothing, shelter, utilities) and prior commitments (such as school fees and loans) are deducted from the disposable income. Total amount of discretionary income in an economy is a key indicator of the level of possible economic growth and is the target of all commercial advertising. Also called hot money.

How to use Discretionary income in a sentence?

  1. Fear of unemployment, falling tourism numbers, the impact on disposable, discretionary income of stealth taxes have all taken their toll, as has a squeeze on pay in the private sector.
  2. Alyssa did not have any discretionary income to spend or save, so she decided to get a part time job at the local coffee shop.
  3. When your company has some excess discretionary income that may be the right time to try a risky business venture.
  4. After budgeting for necessary expenses, you should still budget for retirement and an emergency fund before starting to spend your discretionary income .

Meaning of Discretionary income & Discretionary income Definition

Discretionary Income,

What is The Definition of Discretionary Income?

  • You can define Discretionary Income as, Disposable income is the amount of income that a person can spend, invest or save after paying taxes and personal needs such as food, shelter and clothing.

    • Free income is the amount left over after a person pays taxes and pays for essential goods and services, such as housing and food.
    • Non-essential items, such as vacation and luxury items, are usually paid for with freely available funds.
    • Disposable income and disposable income are two different things.
    • Disposable income is the net income of an individual's travel salary and is used to cover all expenses (substantial and unnecessary).
    • Economists use discretionary income to measure the health of the economy.

  • Definition of Discretionary Income: Income earned by a person after taxes and basic necessities such as food, housing, etc.

  • Meaning of Discretionary Income: Earnings after taxes, health insurance, rent or mortgage payments, and all other living expenses.

Literal Meanings of Discretionary Income

Discretionary:

Meanings of Discretionary:
  1. Available for use at user's discretion.

Sentences of Discretionary
  1. Rules are certainly less flexible than explicit policies

Synonyms of Discretionary

open to choice, non-compulsory, optional, up to the individual, non-mandatory, voluntary, elective, at one's discretion

Income:

Meanings of Income:
  1. The amount received for regular work or investment.

Sentences of Income
  1. Have a good house and a decent income

Synonyms of Income

remuneration, pay, stipend, emolument, salary, earnings, wages

Discretionary Income,

How To Define Discretionary Income?

  • Disposable income is the amount of income that a person can spend, invest or save after paying taxes and meet personal needs such as food, shelter and clothing.

    • Disposable income is the amount that remains after a person pays taxes and pays for essential goods and services such as consumption and groceries.
    • Non-essential items, such as vacations and luxury items, are usually paid for with disposable income.
    • Disposable income and disposable income are two different things.
    • Flat income is a person's net income that I pay and is used to cover all expenses (substantial and unnecessary).
    • Economists use discretionary income to measure health.

  • Discretionary Income means, The amount of income a person earns after taxes and basic necessities such as food, consumption, etc.

  • Discretionary Income means: Earnings after tax, health insurance, rent or mortgage payments and all other expenses are covered.

Literal Meanings of Discretionary Income

Discretionary:

Meanings of Discretionary:
  1. Available at user's discretion.

Sentences of Discretionary
  1. The discretionary bonus increased at the end of the year.

Synonyms of Discretionary

permissive, unrestricted, discretional

Income:

Meanings of Income:
  1. As usual for funds, especially work or investment.

Synonyms of Income

dividend, incomings, turnover, proceeds, gains, receipts, yield, takings, money received, means, profits, take, revenue

Discretionary Income,

Definition of Discretionary Income:

  1. Disposable income is income that a person can spend, invest or save after paying taxes and meeting personal needs such as food, housing and clothing.

    • Disposable income is the amount that is saved after a person pays taxes and pays for essential goods and services such as utilities and groceries.
    • Non-essential items, such as vacations and luxury items, are usually paid for with disposable income.
    • Disposable income and disposable income are two different things.
    • Flat income is a person's net income that I pay and is used to cover all expenses (substantial and unnecessary).
    • Economists use discretionary income to measure the health of the economy.

  2. Discretionary Income means: The amount of income a person receives after taxes and basic necessities such as food, consumption, etc.

Literal Meanings of Discretionary Income

Income:

Sentences of Income
  1. Have a good home and a decent income.