Question

formula of personal disposable income​

Answer 1

Answer:

ExplanationDisposable income is total personal income minus personal current taxes. In national accounts definitions, personal income minus personal current taxes equals disposable personal income.:

Answer 2

Answer:

Disposable income is total personal income minus personal current taxes. In national accounts definitions, personal income minus personal current taxes equals disposable personal income.

Explanation:

Disposable personal income measures the after-tax income of persons and nonprofit corporations. It is calculated by subtracting personal tax and nontax payments from personal income. In 1999, disposable personal income represented approximately 72 percent of gross domestic product (i.e., total U.S. output).

It can also be expressed in the following forms: PI = Salaries/Wages Received + Interest Received + Rent Received + Dividends Received + Any Transfer Payments. OR. PI = NI – Taxes on Social Security – Corporate Tax – Undistributed profits + Social Security Benefits + Unemployment Benefits + Welfare Benefit.