[Answer] From what part of income should someone take savings?

Answer: what otherwise would be discretionary income
From what part of income should someone take savings?

Fri Jul 26 2002 14:30:00 GMT-0400 (Eastern Daylight Time) · In economics saving is defined as after tax income minus consumption. The fraction of income saved is called the average propensity to save while the fraction of an increment to income that is saved is called the marginal propensity to save. The rate of saving is directly affected by the general level of interest rates.

Wed Dec 13 2006 13:30:00 GMT-0500 (Eastern Standard Time) · Depending on the program sponsor the eligible maximum income levels can range from 200% of the poverty level to 80% of area median income. Earnings: The source of the savings are another important criterion. Many IDA programs require that all or part of the savings accumulated during the course of an IDA program should come from “earned income”.

Tue Nov 09 2004 13:30:00 GMT-0500 (Eastern Standard Time) · Double taxation is the levying of tax by two or more jurisdictions on the same income (in the case of income taxes) asset (in the case of capital taxes) or financial transaction (in the case of sales taxes).. Double liability may be mitigated in a number of ways for example a jurisdiction may: exempt foreign-source income from tax exempt foreign-source income from tax if tax had been paid …

Sat Jul 07 2018 14:30:00 GMT-0400 (Eastern Daylight Time) · Assuming expenses are equal to income minus savings and neglecting investment returns observe that: At a savings rate of 10% it takes (1-0.1)/0.1 = 9 years of work to save for 1 year of living expenses. At…

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