Question
Frank is the sole owner of Franks landscaping service, Incorporated (FLS). In one year, FLS collects $1720000 from customers to mow their lawns. FLS's equipment
Frank is the sole owner of Franks landscaping service, Incorporated (FLS). In one year, FLS collects $1720000 from customers to mow their lawns. FLS's equipment depreciates in value by $215000. FLS pays $1032000 to its workers, who pay $237360 in taxes on this income. FLS pays $86000 in corporate income taxes and pays Frank a dividend of $258000. Frank pays taxes of $103200 on this dividend income. FLS retains $129000 of earnings in the business to finance future expansion. How much does this economic activity contribute to each of the following?
Round your answers to two places after the decimal where necessary.
A. GDP =
B. NNP =
C. National income =
D. Compensation of employees =
E.Proprietor's income =
F.Corporate profits =
G.Personal income = $
H>Disposable personal income = $
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