Question
Assume personal income was $32 million last year. Personal outlays were $26 million and personal current taxes were $6 million. a. What was the amount
Assume personal income was $32 million last year. Personal outlays were $26 million and personal current taxes were $6 million.
a. What was the amount of disposable personal income last year?
b. What was the amount of personal saving last year?
c. Calculate personal saving as a percentage of disposable personal income.
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
