Answered: Find the value of net indirect taxes if…

Find the value of net indirect taxes if :- GNP at MP = 7000 Domestic income = 6200 Depreciation = 600 Net factor income from abroad = -400

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section13.1: National Income Accounting

Problem 5R

See similar textbooks

Related questions

Q: Find the gross domestic if the net domestic is $80 and depreciation valued is $15

A: Net domestic is $80 Depreciation is $15

Q: Calculate sales from the following:- Net value added at FC = 300 Net addition to stocks = -20…

A: According to the above question, we are given that:- Net value added at FC = 300 Net addition to…

Q: Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate Income Taxes…

A: Personal income (PI) refers to actual income earned by households from all the sources. Formula for…

Q: Question 4 Calculate the gross value added at MP. Sale - 400 Changein stock - (-20) Depreciation…

A: Gross value added at market price=value of output-intermediate consumption. Value of…

Q: 6000 5000 45-degree line 4000 3000 Consumption 2000 1000 1000 2000 3000 4000 5000 6000 Disposable…

A: Autonomous consumption: - autonomous means independent, therefore, autonomous consumption is that…

Q: Find net domestic capital formation if depreciation is $88 million and the value.of gross domestic…

A: We are given that:- Depreciation = $88 million Gross domestic capital formation = $300 million We…

Q: GDO minus depreciation is the the formula used to calculate a- net national product b- gross…

A: GDO refers to the Gross domestic output. This economic variable actually includes the depreciation…

Q: Calculate net value if gross is $42,000 and depreciation is $32,000?

A: According to question we are given that Gross =$42,000 depreciation =$32,000 net value has to be…

Q: Calculate GNP at MP if:- NDP at FC = $3300 Depreciation = $600 Net factor income to abroad =…

A: The data presented in the above question is:- NDP at FC = $3300 Depreciation = $600 Net factor…

Q: alculate gross domestic capital formation when depreciation is $33 million and the net domestic…

A: Gross domestic capital formation = Net domestic capital formation + depreciation

Q: Calculate the value of net indirect tax GNP at MP = $7000 Domestic income = $6200 Depreciation =…

A: The Given information is as follows:- GNP at MP = $7000 Domestic income = $6200 Depreciation = $600…

Q: Find the net value added at factor cost When the net indirect taxes are $60 and the net value added…

A: Basically in the question, Net value added at the factor cost = ? Net indirect taxes = $60 Net value…

Q: Find the value of gross national product at factor cost if gross national product at Market price is…

A: The information being given to us is as follows:- Gross national Product at market price = $1400…

Q: The difference between personal income and disposable income is: savings personal taxes corporate…

A: Personal income refers to the total income received by individuals from various sources, such as…

Q: What does the sum of national income, indirect taxes, and depreciation equal? O Personal come…

A: National income is the total factor income earned by normal residents of the country . There are…

Q: The value of Consumption is $2000 and the disposable income is given as $2700 Calculate the value…

A: The given information is as follows:- Consumption expenditure is given as $2000 Disposable income Is…

Q: a. What is taxable income for the first year? I have the formula taxable income = gross income -…

A: Given:Gross income=$1,000,330Expenditure=$132,000Deductions=Qualified asset+Environmental tax…

Q: Calculate the gross value of net value is $750 and depreciation is $80

A: The given information is as follows:- Net value is = $750 Depreciation = $80 We have to calculate…

Q: 22. The cost of a new washing machine is Rs. 12000. Its value depreciates every year at the rate of…

A: Depreciation is a lessening in the book value of fixed assets. Depreciation includes loss of value…

Q: Personal income and property taxes paid by individuals are not included in the income approach of…

A: Income Approach of calculating GDP is add all income earned by the firm and individual household of…

Q: Horizontal inequality is one of the causes of armed conflict in developing countries. (T/F)?

A: The phenomena of unequal and/or unjust allocation of resources and opportunities among individuals…

Question

Find the value of net indirect taxes if :-

GNP at MP = 7000

Domestic income = 6200

Depreciation = 600

Net factor income from abroad = -400

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Calculate the value of depreciation if GNP at MP is $700 million, NDP at FC is $230 million, net factor income to abroad is $160 million and the indirect taxes are $240 million
Calculate NDP at FC if GNP at MP is $20,000 depreciation is $5000, net factor income from abroad is $4000 , indirect tax is $3000 and the subsides is $2000
Find the gross domestic if the net domestic is $80 and depreciation valued is $15
Find the gross domestic product when the depreciation is $336 and the net domestic product is $300
PI= NI-retained corporate profits + net transfer payments - indirect tax National income: 19,786Less:Corporate profits with inventory valuation and capital consumptionadjustments -2,771Taxes on production and imports less subsidies -1,182Contributions for government social insurance, domestic -1,541Net interest and miscellaneous payments on assets -644Plus: Personal income receipts on assets 3,202Plus: Personal current transfer receipts 4,617 Personal income equals : ?
Find value of output if:- Net value added at FC = $200 million Intermediate consumption = $150 million Depreciation = $20 million Tax = $40 Subsidy = $20 million
Calculate the value of net national product at Market price if GNPMP is $2800 million and the depreciation is $350 million
a. What is taxable income for the first year? I have the formula taxable income = gross income - expenditures - depreciation. however I can't find depreciation value (can't tell if deductibles can be depreciated). From using the formula I got 845,330. b. how much should the company expect to pay in taxes in the first year? There are no state income taxes required. for this I got 245,699 dollars. Please help me verify my answers. thanks
Calculate the net value added at factor cost if :- Value of output = $800 Purchase of raw material = 400 Depreciation = $25 Excise duty =$30 Import duty = $50
Find the NNP when GNP is $1400 billion and depreciation is $390 billion?
Calculating Taxable Income Taxable income $0 $9,525 $9,526 $38,700 $38,701 - $82,500 $82,501 $157,500 $157,501 - $200,000 $200,001 - $500,000 $500,001 or more Rate 10.0% 12.0% 22.0% 24.0% 32.0% 35.0% 37% Using the previous tax table, compute the tax liability for the individual in the scenario presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for the individual in the scenario. Yakov's Tax Scenario Yakov is a young professional with taxable income of $133,500 as an advertising account executive. What is Yakov's total tax liability? What is Yakov's top marginal tax rate? 24.00% What is Yakov's average tax rate? (Note: Round your answer to the nearest cent, if necessary.)
Calculate the value of output if:- Net value added at factor cost = $200 Intermediate consumption = $120 Depreciation = $20 Tax = $40 Subsidy = $10 All values are in million