Question

the money that consumers have remaining after paying their necessary expenses is called
a gross income.

b fixed income.

c discretionary income.

d taxable income.

Explanation:

To solve this, we analyze each option:

• Option A (gross income): Total income before deductions, not remaining after expenses. Eliminate.
• Option B (fixed income): Income that is stable (e.g., salary), not related to remaining after expenses. Eliminate.
• Option C (discretionary income): By definition, it's the money left after paying necessary expenses (like rent, food) and can be used for non - essential spending (e.g., entertainment). This matches the description.
• Option D (taxable income): Income used to calculate taxes, not specifically about remaining after necessary expenses. Eliminate.

Answer:

C. discretionary income.