0
National income is the monetary value of all goods and services produced by nationals of a country for participating in productive activities in a period usually a year
what is reported to the IRS. There are also a lot of forms, like Fafsa, and certain claims for insurance and stuff that all require your information, and if that information doesn't agree with each...
Wiki User
∙ 12y ago
Wiki User
∙ 15y agowhat is reported to the IRS. There are also a lot of forms, like Fafsa, and certain claims for insurance and stuff that all require your information, and if that information doesn't agree with each other, than the IRS will ask you to correct it. There are also surveys done constantly. what is reported to the IRS. There are also a lot of forms, like Fafsa, and certain claims for insurance and stuff that all require your information, and if that information doesn't agree with each other, than the IRS will ask you to correct it. There are also surveys done constantly.
Wiki User
∙ 14y agooutput method;income method;expenditure method
Wiki User
∙ 13y ago1) Income.
2) Expenditure.
3) Value-added in production.
Wiki User
∙ 12y agoGDP or per capital GNI
Add your answer:
Earn +20 pts
Per capita income Calculated by?
The percapita income is the income earned per person by the state or country.It is calculated by dividing the total national income by the population of the state.
What are the three approaches of national income?
There are three approaches through which national income can be calculated including; output approach, income approach and expenditure approach.
What are the Importance of national income with the national income concept?
the national income is that by the means of national income v can know that how much the income of country and v can find the national income dedact the all rents allowences paymants salaries and wages
How is discretionary income calculated?
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
Explain the importance of national income?
importance of national income.
Per capita income Calculated by?
The percapita income is the income earned per person by the state or country.It is calculated by dividing the total national income by the population of the state.
What are the three approaches of national income?
There are three approaches through which national income can be calculated including; output approach, income approach and expenditure approach.
When you subtract sales and excise taxes from the net national product you have calculated?
National Income
When you subtract sales and excise taxes from the net national product you have calculated the?
National Income
Which Methods are used for calculating national income in India?
The income of a country can be calculated by three different procedures. The products produced, domestic profit and the amount spent.
Is annual household income calculated before or after taxes?
it is always calculated on the gross income
What are the Importance of national income with the national income concept?
the national income is that by the means of national income v can know that how much the income of country and v can find the national income dedact the all rents allowences paymants salaries and wages
Why national income is important?
bcoz its national income
How is discretionary income calculated?
Discretionary income is calculated by taking your gross income minus your expenses and what you are left with is discretionary income. Most Americans do not have a large amount of discretionary income.
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
Is annual income calculated before or after taxes?
Annual gross taxable income and your adjusted gross income amount of worldwide income would be calculated before taxes.
Explain the importance of national income?
importance of national income.
