Question

What is the largest share of national income? 1. taxes 2. wages and salary 3. interest...

What is the largest share of national income?

1. taxes

2. wages and salary

3. interest earned on capital

4. corporate profits

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The wages and salary is considered to be the largest share in national income.

Wages and salary is the compensations receive by thee workers in an economy. The incomes which is taken for the calculation of national income included wages and salaries, profits, interest and rent. Among these all categories of income wages and salaries id the largest share though income of every individual in considered for the calculation of national income. In the calculation of national income the monetary benefits earned by every employee is considered. Thus it has a key role in the calculation of income.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following accounts for the largest share of US Federal Government outlays? A)Interest on...
Which of the following accounts for the largest share of US Federal Government outlays? A)Interest on the national debt. B)Income support to low­income families. C)Foreign aid (international affairs) D)Social Security. ------------------ Which of the following accounts for the largest share of US Federal Government receipts (revenue)? A)Tariffs on imported goods. B)Corporate income taxes C)Personal income taxes D)Social Security payroll taxes. --------------- What is the main reason that interest payments on the national debt have declined as a percent of GDP...
Graceland’s 2018 National Accounts Interest and investment income 80 Dividends 90 Imports 640 Gross investment 340...
Graceland’s 2018 National Accounts Interest and investment income 80 Dividends 90 Imports 640 Gross investment 340 Net investments from non-residents 160 Transfer payments 140 Government purchases 440 Personal taxes 320 Corporate income taxes 70 Indirect taxes less subsidies 100 Undistributed corporate profits 120 Net income of farm and unincorporated business 240 Wages, salaries, and supplementary labour income 1,000 Personal consumption expenditures 1,040 Capital consumption allowance 180 Exports 700 Profits of corporations and government enterprises before taxes 240 1. In 2018,...
If personal income exceeds national income in a particular year, we can conclude that Multiple Choice...
If personal income exceeds national income in a particular year, we can conclude that Multiple Choice transfer payments exceeded the sum of Social Security contributions, corporate income taxes, and taxes on production and imports. the sum of Social Security contributions, corporate income taxes, and undistributed corporate profits exceeded transfer payments. consumption of fixed capital and taxes on production and imports exceeded personal taxes. transfer payments exceeded the sum of Social Security contributions, corporate income taxes, and undistributed corporate profits.
Using the following national income accounting data, compute (a) Gross Domestic Product in Income and expenditure...
Using the following national income accounting data, compute (a) Gross Domestic Product in Income and expenditure approach (b) Net Domestic Product, (c) National Income, (d) Personal Income and (e) Disposable Income Personal consumption expenditures $11,736 Compensation of employees $9,805 Gross private domestic investment $2,745 Rents $77 Government purchases $2,745 Interest $724 Net exports $810 Proprietors’ income $1,124 Corporate profits $2,048 Corporate income taxes $499 Taxes on production and imports $1,234 Net foreign factor income $111 Statistical discrepancy $45 Consumption of...
Personal consumption expenditures $245 Net foreign factor income 4 Transfer payments 12 Rents 14 Consumption of...
Personal consumption expenditures $245 Net foreign factor income 4 Transfer payments 12 Rents 14 Consumption of fixed capital (depreciation) 27 Statistical discrepancy 8 Social Security contributions 20 Interest 13 Proprietors’ income 33 Net exports 11 Dividends 16 Compensation of employees 223 Taxes on production and imports 18 Undistributed corporate profits 21 Personal taxes 26 Corporate income taxes 19 Corporate profits 56 Government purchases 72 Net private domestic investment 33 Personal saving 20 4. (Chapter 27) Use the attached National Income...
Unlike national income, personal income Select one: a. excludes retained earnings, indirect business taxes, corporate income...
Unlike national income, personal income Select one: a. excludes retained earnings, indirect business taxes, corporate income taxes and social insurance contributions, and includes interest and transfer payments received by households from the government. b. excludes retained earnings, indirect business taxes corporate income taxes, social insurance contributions and interest and transfer payments received by households from the government. c. includes retained earnings, indirect business taxes, corporate income taxes and social insurance contributions, and excludes interest and transfer payments received by households...
Below is a list of domestic output and national income figures for a certain year. All...
Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same. Category Value Category Value Personal Consumption Expenditures $295 Net Exports 11 Net Foreign Factor Income 4 Dividends 16 Transfer Payments 12 Compensation of Employees 273 Rents 14...
What is Tom’s total amount of gross income if: 1) he earned $100 in wages; 2)...
What is Tom’s total amount of gross income if: 1) he earned $100 in wages; 2) his credit card forgave his credit card balance of $200; 3) he received a $300 cash gift from his aunt; and 4) and received $600 in alimony from his former spouse?
Based on the information below, calculate and show your work. Use figure 8-3 and table 8-2...
Based on the information below, calculate and show your work. Use figure 8-3 and table 8-2 as a reference for your calculations. National Income=                                                                                       _________ GDP=                                                                                                              _________ NDP=                                                                                                              _________ Personal income=                                                                                       _________ Disposable income=                                                                                   _________ Statistical Data Wages and salaries                                        5 Investments                                                     2 Imports                                                             1 Government spending                                  2.5 Rent                                                                   0.5 Social Security checks                                   0.5 Welfare checks                                               1.25 Consumption                                                   7.5 Depreciation                                                    2 Non-income expense (indirect business taxes      1 Social security taxes                                      0.50 Re-invested profits                                        0.25 Corporation taxes                                          0.50 Corporation profits                                       ...
Joumana and Hala share profits and losses in a ratio of 5:3 respectively. Joumana and Hala...
Joumana and Hala share profits and losses in a ratio of 5:3 respectively. Joumana and Hala receive salary allowances of $10,000 and $20,000 respectively, and both partners receive 5% interest based upon the balance in their capital accounts on January 1. Partners’ drawings are not used in determining the average capital balances. Total net income for 2019 is $80,000. If net income after deducting the interest and salary allocations is greater than $20,000, Hala receives a bonus of 7% of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT