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Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after subtracting taxes and minimal survival expenses (such as food, medicine, rent or mortgage, utilities, insurance, transportation, property maintenance, child support, etc.) to maintain a certain standard of living. [7]
Four Texas counties rank among the top 10 places for families with the most disposable income. Collin County ranked second overall with $20,801 left over for small families and $62,193 for single ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
It includes every form of cash income, e.g., salaries and wages, retirement income, investment income and cash transfers from the government. It may include near-cash government transfers like food stamps , and it may be adjusted to include social transfers in-kind, such as the value of publicly provided health care and education.
Disposable income: Disposable income is the amount of money an individual has available to use after income taxes have been deducted. It reflects the actual funds at the individual's disposal for spending, saving, or investing. [5] Personal income can also be categorized based on its source:
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Most people dedicate between five and 10 hours a week to their second jobs. On average, people earned $688 a month, but, worryingly, some side hustlers brought in less than $50.
Factor income (also called Primary income or Earned Income) is the flow of income that is derived from the factors of production, i.e., the general inputs required to produce goods and services. Factor income on the use of land is called rent , income generated from labor is called wages , and income generated from capital is divided between ...