If personal income is 50,000, personal income tax is 2,000, consumption is 42,000, personal interest…
Personal Disposable Income = Personal Income - Personal Income Tax = 50,000 - 2,000 = 48,000. (Equivalently, from the outlays side: Consumption [42,000] + Personal Interest…
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If personal income is 50,000, personal income tax is 2,000, consumption is 42,000, personal interest payments are 2,000, personal saving is 4,000, then disposable income equals
Answer and explanation
Correct answer D
Personal Disposable Income = Personal Income - Personal Income Tax = 50,000 - 2,000 = 48,000. (Equivalently, from the outlays side: Consumption [42,000] + Personal Interest Payments [2,000] + Personal Saving [4,000] = 48,000).
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RPSC Senior Teacher Grade II