Disposable Income Calculator
Parameter | Description | Example Value |
---|---|---|
Gross Income | The total income earned before any deductions. | $5,000 |
Taxes | The total amount deducted for taxes. | $1,000 |
Other Deductions | Other deductions like insurance, retirement contributions, etc. | $500 |
Disposable Income | The total income remaining after all deductions (Gross Income – Taxes – Other Deductions). | $3,500 |