Use the data below to calculate the Personal Income for this sample economy Household spending on Personal Tax Payments Firms spending on $930,000 $435,000 education Household spending on $900,000 $950,000 cars and furniture Household spending on real estate new factories Firms spending on $1,100,000 $450,000 R&D State spending on $800,000 Total Exports $920,000 education State spending on unemployment benefits $360,000 Total Imports $1,000,000 Federal spending on highways $1,500,000 Retained Earnings $800,000 Interest from $450,000 Depreciation $465,000 Government Bonds Select one: O a. $5,735,000 O b. $5,300,000 O c. $4,940,000 d. $5,660,000 O e. $6,125,000 O f. I'll take 2 points O g. $6,560,000 O h. $6,095,000

Use the data below to calculate the Personal Income for this sample economy Household spending on Personal Tax Payments Firms spending on $930,000 $435,000 education Household spending on $900,000 $950,000 cars and furniture Household spending on real estate new factories Firms spending on $1,100,000 $450,000 R&D State spending on $800,000 Total Exports $920,000 education State spending on unemployment benefits $360,000 Total Imports $1,000,000 Federal spending on highways $1,500,000 Retained Earnings $800,000 Interest from $450,000 Depreciation $465,000 Government Bonds Select one: O a. $5,735,000 O b. $5,300,000 O c. $4,940,000 d. $5,660,000 O e. $6,125,000 O f. I'll take 2 points O g. $6,560,000 O h. $6,095,000

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter3: Preparing Your Taxes

Section: Chapter Questions

Problem 11FPE

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