The following is data provided for the year 2020: Capital consumption allowance $119.5 Wages 855.7 Business interest payments 61.6 Indirect business taxes 135.0 Rental income 26.5 Corporate profits 105.4 Proprietors’ income 93.0 Corporate dividends 32.7 Social insurance contributions 101.0 Personal taxes 170.7 Consumer interest payments 26.0 Interest paid by government and consumers 42.3 Government transfer payments 134.6 Business transfer payments 5.2 Personal consumption expenditures 877.0 National income 1,142.2 (a) Find the personal income (b) Find the personal disposable income (c) Find the personal saving
The following is data provided for the year 2020: Capital consumption allowance $119.5 Wages 855.7 Business interest payments 61.6 Indirect business taxes 135.0 Rental income 26.5 Corporate profits 105.4 Proprietors’ income 93.0 Corporate dividends 32.7 Social insurance contributions 101.0 Personal taxes 170.7 Consumer interest payments 26.0 Interest paid by government and consumers 42.3 Government transfer payments 134.6 Business transfer payments 5.2 Personal consumption expenditures 877.0 National income 1,142.2 (a) Find the personal income (b) Find the personal disposable income (c) Find the personal saving
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The following is data provided for the year 2020:
Capital consumption allowance $119.5
Wages 855.7
Business interest payments 61.6
Indirect business taxes 135.0
Rental income 26.5
Corporate profits 105.4
Proprietors’ income 93.0
Corporate dividends 32.7
Social insurance contributions 101.0
Personal taxes 170.7
Consumer interest payments 26.0
Interest paid by government and consumers 42.3
Government transfer payments 134.6
Business transfer payments 5.2
Personal consumption expenditures 877.0
National income 1,142.2
(a) Find the personal income
(b) Find the personal disposable income
(c) Find the personal saving
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