What Is Another Word For Discretionary Income?

What is another word for discretionary

Similar words for discretionary: elective (adjective) electoral (adjective) eligible (adjective) flexible (adjective).

What is another name for disposable income

Synonyms for Disposable income:cash flow,change,amount,blood money,bounty,appropriation,bankroll,bailout,More items…

How much should you have after all bills are paid

According to the rule, you should be spending no more than 43 percent of your before-tax income on all your debt payments. So, if your gross income per month is $4,000, your total debt including mortgage, auto loans, credit card payments and student loans should be less than $1,720.

What is the opposite of disposable income

Very simply, disposable income is money you have after taking out/paying your taxes. Discretionary income is money that is left over after paying your taxes and other living expenses (rent, mortgage, food, heat, electric, clothing, etc). Discretionary income is based and derived on your disposable income.

What is the disposable income formula

Disposable income is total personal income minus personal current taxes. In national accounts definitions, personal income minus personal current taxes equals disposable personal income.

What is an example of a discretionary spending

In American public finance, discretionary spending is government spending implemented through an appropriations bill. Some examples of areas funded by discretionary spending are national defense, foreign aid, education and transportation. …

How do I calculate discretionary income

How is discretionary income calculated?Finds the correct federal poverty guideline for your location and family size.Multiplies that number by 1.5.Subtracts that number from your adjusted gross income.

What do you mean by discretionary responsibility

“Discretionary responsibility is voluntary and guided by a company’s desire to make social contributions not mandated by economics, law, or ethics. Discretionary activities include philanthropic contributions that offer no direct financial payback to the company and are not expected.”

How is discretionary money calculated

To uncover what your discretionary income is, subtract your necessities from your take home pay (minus taxes).

What does discretionary power mean

Professor Harold Laski has defined discretionary power as that authority of the executive « whether in matters of sub- stance or of procedure or both, which it is free to exercise as it thinks fit ». *1 Legally, it is the power to exercise a discre- ‘ tion with which the courts cannot interfere.

What does discretionary income mean

Discretionary income is the amount of an individual’s income that is left for spending, investing, or saving after paying taxes and paying for personal necessities, such as food, shelter, and clothing. Discretionary income includes money spent on luxury items, vacations, and nonessential goods and services.

What is a good discretionary income

While there are many factors that may affect the percentage of take-home pay that you allocate as discretionary income, the general rule is 30 percent or less.

What does discretionary mean

1 : left to individual choice or judgment : exercised at one’s own discretion discretionary powers. 2 : available for discretionary use discretionary income.

What is the opposite of discretionary spending

Antonyms of DISCRETIONARY mandatory, nondiscretionary, necessary, nonvoluntary, requisite, restricted, required, indispensable, nonarbitrary, nonelective, unarbitrary, essential.

What is the definition of disposable income

Disposable income, also known as disposable personal income (DPI), is the amount of money that households have available for spending and saving after income taxes have been accounted for.

What is a non discretionary expense

Understanding Discretionary Expenses While non-discretionary expenses are considered mandatory—housing, taxes, debt, groceries—discretionary expenses are any costs incurred above and beyond what is deemed necessary. These are generally considered wants, while non-discretionary expenses are usually referred to as needs.

What is the difference between discretionary and disposable income

For instance, your disposable income is the amount of money you have left over after you’ve paid all of your federal, state and local taxes. On the other hand, your discretionary income is the money you have left over after you’ve paid your taxes plus all of your necessary living expenses.

Does discretionary mean optional

The difference between Discretionary and Optional When used as adjectives, discretionary means available at one’s discretion, whereas optional means not compulsory.