Consider the following statements and identify the right ones.
i. Personal income refers to the income of individuals of a country.
ii. The income at their disposal after paying direct taxes is called disposable income
i only
ii only
both
none
Explanation:
The income of the individuals at their disposal after paying direct taxes like income tax is called disposable income.
The income of the individuals at their disposal after paying direct taxes like income tax is called disposable income.