Personal Income and Disposable Income
5 questions
In a given fiscal year, an economy records a National Income of ₦850 million. The accounting records reveal corporate profit taxes of ₦60 million, undistributed corporate profits of ₦40 million, social security contributions of ₦30 million, government transfer payments to households of ₦50 million, and personal direct taxes of ₦70 million. What is the Disposable Personal Income of this economy in millions of Naira?
In an economy, National Income is , corporate profit tax is , undistributed corporate profits are , social security contributions are , transfer payments are , and personal direct taxes are . What is the Disposable Personal Income of this economy?
An economy records a total Personal Income of in a given fiscal year. Within the same period, household personal direct taxes total , government transfer payments are , and social security contributions amount to . What is the Disposable Income of households in this economy?
A sole proprietor in Lagos receives a total Personal Income of during a given fiscal period. If direct personal income taxes paid to the government equal , what is the trader's disposable income in millions of Naira?
In a macroeconomy, National Income is measured at . Economic records show social security contributions of , corporate profit taxes of , undistributed corporate profits of , and government transfer payments of . Calculate the total Personal Income of the economy in millions of Naira.