Multiple Choice
Which of the following is the correct equation for computing personal income?
A) Personal income = National income + undistributed profits - social insurance taxes - corporate profits taxes + transfer payments.
B) Personal income = National income - undistributed profits - social insurance taxes + corporate profits taxes + transfer payments
C) Personal income = National income - taxes
D) Personal income = National income - undistributed corporate profits - social insurance taxes - corporate profits taxes + transfer payments
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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