Disposable household and per capita income

High school (ages 12+)
Mathematics & Numbers

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Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/disposable-household-and-per-capita-income

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the calculation of per capita income?Total income of a geographic area divided by its total population
2. What is disposable income for a family?Disposable income is the money a household has left after paying taxes and mandatory contributions. It is what they can use to buy things, save, or spend on fun.
3. How do taxes affect disposable income?Taxes and mandatory contributions are taken out of a family's total earnings. The remaining amount is their disposable income.

Household Income: The total earnings received by all members of a household from all sources.
Disposable Income: The amount of income remaining after deduction of taxes and other mandatory charges.
Per Capita Income: The average income earned per person in a given area or country.
Mean Income: The average income calculated by summing all incomes and dividing by the total number of income recipients.