Disposable personal income is

A. the sum of wages, salaries, commissions, bonuses and other forms of employee earnings before deduction of any taxes of social security contributions, net income from royalties and rentals, interest income and profits of a corporation, partnership of proprietorship

B. disposable income plus personal taxes; or current personal income receipts after deducting social security contributions but before deduction of personal taxes

C. a concept of receipts rather than a concept of earnings and is computed after taxes and social security contributions. One must add receipts that are not payments for current productive purposes and one must deductall earnings not currently received and all taxes and social security contributions

D. the concept of individual's income as the money value of his earnings from productive services currently rendered by him or by his property after deduction of personal taxes and social security contributions

Answer: Option D