Anyway, does anyone know what decompenation is? What does it mean? What does a person decompensate from? So the back story that you can skip if you want is this: three years ago I was in a PHP program and I had a bit of a mental breakdown there.
From the standpoint of an individual, disposable income is the income that you have left over after you have paid all taxes and other mandatory expenses such as home loan payments, consumer loan payments, and child support obligations.
Taxable Income. Taxable Income is the amount of money you have earned that you will be required to pay taxes on. Upon filing out your taxes you will deduct your exemptions and deductions allowed from your adjusted gross income. The remaining amount is your taxable income.This number is not used on the FAFSA form.axable Income. Taxable Income is the amount of money you have earned that you will be required to pay taxes on. Upon filing out your taxes you will deduct your exemptions and deductions allowed from your adjusted gross income. The remaining amount is your taxable income.