Question

6. Personal Income (PI)
Personal income is the total money income
received by individuals and households of a
country from all possible sources before direct
taxes.​

Answer 1

Answer:

TRUE.

Explanation:

Personal Income (PI): Is the total money income received by individuals and households of a country from all possible sources before direct taxes. Therefore, personal income can be expressed as follows: PI=NI-Corporate Income Taxes-Undistributed Corporate Profits- Social Security Contribution +Transfer Payments.

HOPE IT HELPS!