Answer: Option B
Answer: (b)
Personal income = direct taxes + fees+ fines+ social security contribution by employers.
The amount of money that households have available for spending and saving after income taxes have been accounted for.
Disposable personal income is often monitored as one of the many key economic indicators used to gauge the overall state of the economy. Disposable income is total personal income minus personal current taxes.
Disposable Personal Income is the amount of money that households have avail see for spending & saving after income taxes have been counted for.
P.I = Direct taxes + fees + fines + social society contribution by employees