Personal income is equal to:

Private income + Corporate profit tax - Undistributed profits

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Private income - Corporate profit tax + Undistributed profits

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Private income + Corporate profit tax + Undistributed profits

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Private income - Corporate profit tax - Undistributed profits

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Solution

The correct option is D
Private income - Corporate profit tax - Undistributed profits

Personal income = Private income - Corporate profit tax - Undistributed profits

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Q. Taxes levied on personal income, profits of the corporate, wealth and property is termed as ________ tax.

From the following data, find out Personal Disposal Income.

$\begin{matrix} Items & Rs in crores (i) Corporation tax & 34 (ii) Miscellaneous receipts of the goverment & 12 (iii) Undistributed profits of corporations & 4 (iv) Direct taxes & 44 (v) Private Income & 2, 748 \end{matrix}$

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Q. Calculate (a) Net National Product at market price, and (b) Gross Domestic Product at factor cost.

(i) Rent and interest	(Rs. in crores) $6, 000$
(ii) Wages and salaries	$1, 800$
(iii) Undistributed profit	$400$
(iv) Net indirect taxes	$100$
(v) Subsidies	$20$
(vi) Corporation tax	$120$
(vii) Net factor income to abroad	$70$
(viii) Dividends	$80$
(ix) Consumption of fixed capital	$50$
(x) Social security contribution by employers	$200$
(xi) Mixed income	$1, 000$

From the following data, calculate Personal Income and Personal Disposable Income.

		Rs (crore)
(a)	Net Domestic Product at factor cost	8,000
(b)	Net Factor Income from abroad	200
(c)	Undisbursed Profit	1,000
(d)	Corporate Tax	500
(e)	Interest Received by Households	1,500
(f)	Interest Paid by Households	1,200
(g)	Transfer Income	300
(h)	Personal Tax	500

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Personal income is equal to:

The correct option is D Private income - Corporate profit tax - Undistributed profits Personal income = Private income - Corporate profit tax - Undistributed profits

The correct option is D
Private income - Corporate profit tax - Undistributed profits

Personal income = Private income - Corporate profit tax - Undistributed profits