0
Personal income: -It is the sum total of earned income and transfer incomes received by persons from all sources within and outside the country.
Personal income = private income - corporate tax -corporate savings (undistributed profit)
Private income: consists of factor income and transfer income received from all sources by private sectors within and outside the country.
What else can I help you with?
What is the difference between personal income and disposable income?
a
What is the term for the difference in income between the richest and poorest citizens?
You referring to 'income disparity.'
Is it true of false that profit is the difference between earned income and costs?
True. Profit is defined as the difference between earned income (revenue) and costs (expenses). If income exceeds costs, a profit is generated; if costs exceed income, a loss occurs.
Why is there a difference in waste production between low income countries and High income countries?
there is a difference in waste production between low income countries and high income countries because high income countries have more money to spend on raw materials therefore creating more waste.
What is the Difference between price theory and income theory?
Price theory can be referred to as Micro economics and income as Macro.
What is the difference between personal income and disposable income?
a
What is the difference between consumption and income?
the difference between income and consumption
What is the difference in tax rates between k1 income and 1099 income?
The difference in tax rates between K-1 income and 1099 income is that K-1 income is typically taxed at the individual's personal tax rate, while 1099 income is subject to self-employment taxes in addition to income taxes.
What s meant by income inequality.distinguish between personal and functional distribution of income.?
What is meant by income inequality? Distinguish between personal and functional distribution of income.
What is the difference between income and earnings?
there is no difference.
Difference between gross income and net income?
JLJLHLHLHIIH
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
What is the difference between income and profit?
cost
Difference between net income and gross income?
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
What is the difference between personal and functional distribution of income?
The personal distribution of income shows how income, regardless of its source, is divided by quintiles among all the families in the country. The functional distribution of income shows the sources of income, as payments to the four factors of production: labor, entrepreneurs, physical capital, and land (natural resources). The breakdown is: wages and salaries, proprietors' income, corporate profits, interest, and rents.
What is the difference between income tax expense and income tax payable?
Income statement & balance sheet.
What is the term for the difference in income between the richest and poorest citizens?
You referring to 'income disparity.'
