Which of the following is true for Disposable Income?

Q. Which of the following is true for Disposable Income?

1. Disposable Income is the difference between Private Income and Indirect Taxes
2. Disposable Income is the difference between Personal Income and Indirect Taxes
3. Disposable Income is the difference between Private Income and Direct Taxes
4. Disposable Income is the difference between Personal Income and Direct Taxes

Answer: Disposable Income is the difference between Personal Income and Direct Taxes