Disposable income refers to
A. the money deducted from a person's paycheck to pay for federal, state, and local taxes.
B. the money that remains before paying for taxes and necessities.
C. the money a consumer has left after paying taxes to use for necessities such as food, shelter, clothing, and transportation.
D. the total amount of money made by a single individual during his or her lifetime.
E. the money that is spent for necessities or charitable causes that is exempt from taxation.
Answer: C
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