Disposable income is defined as:
A)An employee's net pay less living expenses like rent and utilities.
B)An employee's taxable income less Understand Post-Tax Deductions.
C)An employee's gross pay less Identify Pre-Tax Deductions.
D)An employee's pay after legally required deductions have been withheld.

Question

Quizplus · Accepted Answer

Disposable income is the amount of money an individual has left after all taxes and legally required deductions have been taken out of their pay. Therefore, option D is correct as it specifies an employee's pay after legally required deductions have been withheld.

Disposable Income Is Defined As