In a single day Raju, the barber, collects Rs 500 from haircuts; over this day, his equipment depreciates in value by Rs 50. Of the remaining Rs 450, Raju pays sales tax worth Rs 30, takes home Rs 200 and retains Rs 220 for improvement and buying of new equipment. He further pays Rs 20 as income tax from his income. Based on this information, complete Raju’s contribution to the following measures of income
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Answer:-
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Raju contribution income:-
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----->>>GDP contribution by Raju = Rs 500.
------->>>NNPMP (Raju is contribution) = GDP – Depreciation = 500 – 50 = Rs 450.
------>>>>>NNPrr (Raju’s contribution) = NNPMP -Indirect tax =450-30 = Rs 420.
------>>>>Personal Income = NNPFC-Retained Earnings = 420 – 220 = Rs 200.
------>>>>Personal Disposable Income = Personal Income – Income Tax = 200 – 20 = Rs 180 Crore..
hope help u!!
______________
______________
Answer:-
_________
Raju contribution income:-
_________________________
----->>>GDP contribution by Raju = Rs 500.
------->>>NNPMP (Raju is contribution) = GDP – Depreciation = 500 – 50 = Rs 450.
------>>>>>NNPrr (Raju’s contribution) = NNPMP -Indirect tax =450-30 = Rs 420.
------>>>>Personal Income = NNPFC-Retained Earnings = 420 – 220 = Rs 200.
------>>>>Personal Disposable Income = Personal Income – Income Tax = 200 – 20 = Rs 180 Crore..
hope help u!!
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