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nope, because they earn a little, so they much always be on a budget.

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A.M

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5y ago

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Why GDP equals aggregate expenditure and aggregate income?

GDP would be the amount of gross income a person or company receives. This would be the amount of income minus the amount of expenditure on things like bills.


Who would pay the least as a portion of income under a regressive tax?

What I would pay and what you would pay and what the next person would pay are all probably different amounts. If I assume that you are single, you are no one else's dependent, you have no dependents, this is all ordinary income, you have no other income, you are not a student, you are not self-employed, and you do not itemize (all for 2008): 35,000 - 3,500 personal exemption - 5,450 standard deduction = 26,050 taxable income Tax = $3,506.25 http://taxes.about.com/od/2008taxes/qt/2008_tax_rates.htm


List and explain two different factors that can change demand that is not related to price?

An increase in income would change a person purchasing power. This would lead to an increase in demand for normal goods. Normal goods are goods that you would buy more of the greater your income is. An increase in population would also increase demand as there are now more people in the market to buy the goods.


How can an increase in nominal income and a decrease in real income occur simultaneously?

real income is the change with inflation taken into account, nominal income is purely the change of income therefore if inflation was to be 5% and nominal income increased by 2% there would be a real income decrease of 3%


What is the definition of expendable income?

For the individual taxpayer or person it would be any excess amount after all taxes, bills, insurances, medical expense, living expenses, transportation expense, and amounts that should be put into the savings and retirement accounts. After you take care of all of your necessary expenses then if you have any thing left that would be an expendable amount of your net income.

Related Questions

How would you describe Walt Disney's income in 1927?

His business provided him with a meager living. (I had to answer this same question on a story in school about Walt D)


How do you use the word meager in a sentence?

He cooked using a meager amount of spice. The meager supply of food would not last through the winter.


A meager meal would satisfy you if you were very hungry?

Balalwnsj


good quality dentures upper and lower for person on a fixed income what would the cost be.?

Good quality denturesupper and lower for a person on fixed income what would the cost be.


Is there an agency that would help a person on fixed income repair their vehicle?

There does not appear to be an agency that is designed to help a person on a fixed income repair their vehicle.


A person's decision on which goods to buy with his or her income would be studied by a?

microeconomist


Is income from a garnishment taxable?

Income from a garnishment is just as taxable as the same income would be if the person had paid the bill in the first place without the need for garnishment.


What is the difference between gross total income and total income?

Gross total income is the total income for the country divided by the amount of people therefore you get what each person in the country would get.


Why GDP equals aggregate expenditure and aggregate income?

GDP would be the amount of gross income a person or company receives. This would be the amount of income minus the amount of expenditure on things like bills.


Who would be LEAST likely to have a high median income?

a person under the age of 24


What is your income per hour?

This would depend on the job that the person you're asking is doing.


What is a antonym for the word meager?

An antonym (the opposite) of "meager" could be "generous." This would not be the kind of generous meaning "charitable" or "giving freely" but the kind that means "a large amount." Example: "For lunch, the man had only a meager portion and so he was very hungry. When dinner came, he helped himself to a generous amount to make up for it."