Personal income is equal to:Question 36Select one:a.an employee's take home pay.b. National Income -  Personal Taxes + Living Expenses.c.the amount of money an individual earns less interest paid and personal expenses.d.a person's total income before the payment of income taxes.e.Net National Product – Indirect Business Taxes.

Disposable Personal Income is:Question 31Select one:a.The after-tax income of individuals available for spending on goods and services.b.The total market value of all final goods and services produced in the economy, which is equal to gross domestic product adjusted to include the net income Americans earned overseas.c.Net National Product minus indirect taxes that were paid during the year.d.The total income of people before the payment of income taxes.e.The total market value of all goods and services produced within the domestic economy whether by foreign or American resources in a given time period.

The difference between Private Income and Personal Income is ..(a) Corporate tax(b) Dividend(c) Corporate savings(d) Corporate tax and corporate savings

Income tax is money that has to be paid to the government based on:A.the amount of money a person earns.B.the value of a person's home or land.C.the cost of a product being purchased.D.the number of cars a person owns.

The personal distribution of income refers to the:Multiple Choicedivision of income between personal taxes, consumption expenditures, and saving.division of income on the basis of industry sources, for example, agriculture, transportation, and mining.distribution of income to basic resource classes, that is, wages, rents, interest, and profits.way income is distributed among specific households or spending units.

Net income is:Athe total amount of money you earnBthe amount of money you receive after deductions are subtracted from your gross incomeCthe amount of money that is taken away in the form of taxesDthe hourly rate of pay