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For this year: . You earn a before-tax income of $85,000, on which you pay taxes equal to $4,000. . You receive $5,000 in benefits
For this year: . You earn a before-tax income of $85,000, on which you pay taxes equal to $4,000. . You receive $5,000 in benefits from the government. . Your marginal propensity to consume is 0.6. . Your autonomous consumption spending is equal to $10,000. What is your annual consumption spending this year? Do not enter the $ sign. Round to one decimal place if required. Answer: For this year: . You earn a before-tax income of $68,000, on which you pay taxes equal to $4,000. . You receive $5,000 in benefits from the government. What is your disposable income this year? Do not enter the $ sign. Round to one decimal place if required
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