tinyyoon
Answered

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The household income for the Washington family is $100,000, and they pay an income tax rate of 25%. What is the Washington's
annual disposable income?
A)
$100,000
B)
$25,000
C)
$50,000
D)
$75,000

Sagot :

Samawati

Answer:

D) $75,000

Explanation:

Disposable income is the income available for a household to spend.It is the take home or net income for businesses and households.

calculation f disposable income = Income -deductions

In this case deductions will be income tax.

deductions

In this case, deductions = 25% of income

=25/100 x $100,000

=0.25 x $10,000

= $ 25,000

disposable income =$100,000 - $25,000

=$75,000

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