FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are given the following data for the country of Poplar: National income $765 Personal income taxes 215 Other income not paid out 36 Corporate

You are given the following data for the country of Poplar:

National income $765
Personal income taxes 215
Other income not paid out 36
Corporate profit taxes 64
Undistributed profits 42
Transfer payments 117

a) What is the value of personal income? b) What is the value of disposable income?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

29. There are two possible causes for a breakdown of a machine. To check the first possibility would cost C, dollars, and, if that were the cause of the breakdown, the trouble could be repaired at a...

Answered: 1 week ago

Question

★★★★★
On July 1, 2017, Amos Corporation granted nontransferable, nonqualified stock options to certain key employees as additional compensation. The options permit the purchase of 20,000 shares of Amos's...

Answered: 1 week ago

Question

★★★★★
34 minutes, 54 seconds. Status: their savings in low-risk debt since they have already retired. Alex should put their money into: ock ries 5 found their dream job and they are making millions in...

Answered: 1 week ago

Question

★★★★★
How do the three hypothesis of positive accounting theory explain accounting policy choices? Should I be focusing this answer on the opportunistic perspective only, as that directly explains how...

Answered: 1 week ago

Question

★★★★★
Q. A. If the deflection of the cantilever member shown in Figure E at x = 4.5 ft must be limited to 1.336", find the diameter of the member required. Assume na 1.25. E = 30 Mpsi. Q' 3 kip/st

Answered: 1 week ago

Question

★★★★★
Suppose a survey conducted in 2012 asked a group of adults from a certain country whether they drink seltzer water. Of the 3,065 people who responded, 23.1% said they drink seltzer water. Complete...

Answered: 1 week ago

Question

★★★★★
Your certified industrial hygienist (CIH) has found that a part of your workforce is being exposed to chromium (VI), and you have begun testing these employees at the end of the work shift on...

Answered: 1 week ago

Question

★★★★★
TASK #3 Determine the veritcal stress increase at point A. Line load 110 kN/m Line load 440 kN/m. 6 m -3 m A 4 m

Answered: 1 week ago

Question

★★★★★
2. Due to a weak connection, there is a break in the circuit (shown below) between points a and b. If R1 = 5.23 0, R2 = 2.29 0, and R3 = 16.2 0, and the two batteries &1 and &2 have voltages of 22.0...

Answered: 1 week ago

Previous Question Next Question