Bizblog term of the week: Disposable Income

       
         Disposable income is the amount of  money available for spending and saving after income tax has been deducted.Thus,it is the net amount remaining after deduction of income tax.

      Let's take for example,your personal income is N150,000 from salaries and you are paying at 20% tax rate. Your household's disposable income would be N120,000 (N150,000 - N30,000). Economists use Disposable income as a yardstick for households' rate of savings, spending and overall state of Economy