The money remaining from wages after paying for necessities such as food, clothing, and shelter is referred to which of the following?
A) vacation savings
B) discretionary income
C) flexible income
D) extra revenue

Question

Quizplus · Accepted Answer

Discretionary income is the amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities (like food, shelter, and clothing) have been paid. It refers to the money that can be used at one's discretion or the income that can be spent on non-essentials.

The Money Remaining from Wages After Paying for Necessities Such