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Personal disposable income (PDI) can be defined as ________.
Question

Personal disposable income (PDI) can be defined as ________.

A.

PI + Personal tax payments +Non-tax payments

B.

PI + Personal tax payments – Non-tax payments

C.

PI – Personal tax payments – Non-tax payments

D.

PI – Personal tax payments + Non-tax payments
 

Correct option is C

Personal disposable income (PDI) can be defined as PI - Personal tax payments - non-tax payments.
· Personal disposable income means the total amount of money available for an individual or population to spend or save after taxes have been paid.
· Personal tax payments are the taxes that individuals pay to the government.
· Non-tax payments are payments that individuals make to other entities, such as insurance premiums, union dues, and charitable contributions.
· Personal tax payments Taxes are income tax etc, which are put on individuals.

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