Which of the following is not included in Personal Income?

Social security benefits

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Dividend payments

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Undistributed corporate profits

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Solution

The correct option is C
Undistributed corporate profits

Personal Income (PI) ≡ Y – Undistributed profits – Net interest payments made by households – Corporate tax + Transfer payments to the households from the government and firms

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Similar questions

From the following data, find out Personal Disposal Income.

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

Q. Calculate the Gross National Product at Market Price and Personal Income :

		(Rs crores)
i)	Wages and salaries	800
ii)	Personal tax	150
iii)	Operating surplus	200
iv)	Undistributed profits	10
v)	Social security contributions by employers	100
vi)	Corporate tax	50
vii)	Net factor income to abroad	(-)20
viii)	Personal disposable income	1,200
ix)	Net indirect tax	70
x)	Consumption of fixed capital	30
xi)	Mixed income of self-employed	500
xii)	Royalty	9

Q. Q. In the context of Indian economy, which of the following constitute the “Transfer payments” for a household?Select the correct answer using the code given below:

1, 2 and 3 only
2, 3 and 4 only
1 and 4 only
1, 2, 3 and 4

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	$1, 000$

Q. "Tax benefits is available only in case of payment of interest and not on the payment of preference dividend." Why?

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Which of the following is not included in Personal Income?

The correct option is C Undistributed corporate profits Personal Income (PI) ≡ Y – Undistributed profits – Net interest payments made by households – Corporate tax + Transfer payments to the households from the government and firms

The correct option is C
Undistributed corporate profits

Personal Income (PI) ≡ Y – Undistributed profits – Net interest payments made by households – Corporate tax + Transfer payments to the households from the government and firms