Multiple Choice
What does personal income include and exclude?
A) It includes retained earnings,corporate income taxes,and social insurance contributions,and excludes interest and transfer payments received by households from government.
B) It excludes retained earnings,corporate income taxes,social insurance contributions,and interest,and includes transfer payments received by households from government.
C) It excludes retained earnings,corporate income taxes,and social insurance contributions,and includes interest and transfer payments received by households from government.
D) It includes retained earnings,corporate income taxes,social insurance contributions,and interest,and excludes transfer payments received by households from government.
Correct Answer:
Verified
Correct Answer:
Verified
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