To calculate disposable personal income, you take personal income and subtract which of the following?

depreciation on your home

annual expenditure on food and clothing

individual income taxes

monthly household expenditures

The answer is individual income taxes. An income tax is a duty that administrations force on money related pay created by all substances inside their locale. By law, organizations and people must record a pay government form each year to decide if they owe any assessments or are qualified for a duty discount.