3 pointsSuppose John’s Income is Rs. 500. On this income, John’s pays 5% tax. Additionally, John receives Rs.60 from the government as a part of the government’s “Food for all” program. How much is John’s disposable income?

John’s taxable income in 2022 was $80,000 and his tax was $15000. What is his effective income tax?Group of answer choices5.33%15.87%18.75%53.33%

Mr. Rama Spend 30% of his income on food. 20% of the remaining on books 10% of remaining on entertainment and save the remaining Rs. 10,080. Find his income?

Suppose John’s income increases from Rs.100 to Rs.200. At Rs.100, he saved Rs.10 and spent the remaining on the purchase of goods and services. At Rs.200, he consumes goods and services worth Rs. 160. What is his Marginal Propensity to consume

Select the correct answerThe income of P and Q are in the ratio 3:5, and their expenditure in the ratio 1:2, If P saves RS.1200/- and Q saves RS.800/- find the income of P.OptionsRS.3400RS.2000RS.8000RS.4800RS.1500

Select the correct answerA person spends 30% of his income on food, 12% on house rent, 28% on miscellaneous. If the savings at the end of a month is Rs. 810, then the man’s total income is?OptionsRs. 2400Rs. 2100Rs. 2600Rs. 2700