- NEW!
Help answer this question below.
When your bills are paid, you have a roof over head, food, car, clothes and some put back for the future, anything over that would be disposable.
It means that you have enough money to wipe your nose with it!
It means the money that you have left after the tax has been deducted.You either spend it or save it.
Any money over and above the amount you need for bare subsistence.
It means you've got money to burn. So much, in fact, that you can torch it for fun:
http://en.wikipedia.org/wiki/K_Foundation_Burn_a_Million_Quid
Disposable income is income you can actually use to buy various goods and services. It begins as your "net pay" (the amount of your pay cheque _after_ all deductions have been taken off). It then includes any interest you receive on savings bonds, fixed-time deposits, government payouts (such as your income tax refund), and other sources of cash.
Here's a more complete definition:
www.canadianeconomy.gc.ca/English/economy/disposable.html
A word of advice: whereever you see "Canadians" on that page, you can substitute your own nationality with no change in meaning.
What's left, if anything, from your paycheck after all the bills are paid.
Can the IRS take my refund for unemployment overpayment?
by Answerbag Staff on July 14th, 2010
| 1 person likes this
Are tax deductions allowed when not paid in the year?
by Answerbag Staff on July 8th, 2010
| 1 person likes this
What is a nonrefundable tax credit?
by Answerbag Staff on July 13th, 2010
| 1 person likes this
If you e-file and owe CS how long for refund to the children? I filed in January and they haven't recieved nothing. not even a letter
by TONGERLA on March 13th, 2011
| 1 person likes this
I forgot to include my W2 when i mailed in my taxes. Will they send my refund or when i have to send more papers? Do i have to wait to send
by Royce_M on February 23rd, 2011
| 1 person likes this
You're reading What is the meaning of having a disposable income?
Comments