Which of the Following Is the Correct Equation for Computing

question 64

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

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