Economics WAEC

Disposable income is the income earned?

A. by the nationals of a country resident within the country
B. from productive activities of nationals of a country both at home and abroad
C. when personal income tax is deducted from personal income
D. when the gross income of an individual is added to personal income tax

Correct Answer: Option C

C. when personal income tax is deducted from personal income

Explanation

Disposable income; income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes.

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

3 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

3 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

3 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

3 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

3 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

3 months ago