Mbombo, also known as Bumba or Mbongo, is the god of creation in the religion and mythology of...
2016-07-10T02:34:35-04:00. The answer to the question above is letter C. The income that is not used for consumption is called a SAVINGS. Saving consist of the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income he or she earns. This question is archived.
While an income tax is based upon income earned from labor or capital, a consumption tax is solely based upon consumption. This may sound similar to a sales tax, but in its purest form a consumption tax will not become regressive as is the case with a pure sales tax.ecause a consumption tax only taxes consumption, the good or service being consumed is largely irrelevant in reference to the allocation of resources. An income tax, however, creates a barrier between the value of a personâs labor (how much they earn from working) and what they actually receive (money after taxes).