Adjusted Gross Income Business
Question: What is wrong with this picture?
1.35 Trillion – corporate tax profits
7.43 Trillion – adjusted gross income for wage and salary earners.Corporate income is 18.79 percent of the total.
yet in 2003, corporate tax payments accounted for only 7.4% of the total tax revenue.Are corporations paying their fair share????
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BC4257910-8351-437A-8C00-E4CF3B782091%7D&siteid=mktw&dist
http://www.nytimes.com/2007/08/21/business/21tax.html?_r=1&oref=slogin
http://www.nytimes.com/2007/08/21/business/21tax.html?_r=1&oref=slogin
Answer: There is a lot wrong but few understand it. Fewer still feel there is anything that we can do about it…and truth is, with a country where nearly 1/2 of the population are uneducated, the rich will continue to get richer, and the poor, poorer. The middle class will soon disappear
Company profits rise 3.9pc in March quarter
Company gross operating profits, in current prices, rose 3.9 per cent in the March quarter, seasonally adjusted, and were down 1.3 per cent over the year, the Australian Bureau of Statistics said on Monday.
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Gross Income Business
Question: What is the gross domestic product, net domestic product, and national income for the following?
Billions of Dollars
Consumption 400
Net Exports -20
Transfer Payments 20
Gross investment 100
Social Security Contributions 10
Government Purchases 120
Net Investment 50
Dividends 20
Indirect Business Tax 10
Corporate Income Tax 30
Personal Income Tax 60
Undistributed Corporate Profits 20Yes, I do have the approaches for solving them, but they have not got me anywhere. Any help in solving these is greatly appreciated. Been struggling with these for a while.
Answer: Expenditure approach:
GDP = C+Ig+G+NX = 400+100+120-20 = 600NDP = GDP-CC
CC = Ig-In = 100-50 = 50
NDP = 600-50 = 550NI = NDP-IBT = GDP-CC-IBT = 550-10 = 540
PI = NI-SSC-CIT-UCP+TP = 540-10-30-20+20 = 500
DI = PI-PIT = 500-60 = 440
Corporate profits = Div+UCP+CIT = 20+20+30 = 70
Business News More>>
WASHINGTON (AP) – Consumer spending rose in March by the largest amount in five months but the gains were financed out of savings, which fell to the lowest level in 18 months. A slight rise in incomes added to concerns that the recovery could weaken unless income growth increases more rapidly.
The Birthday Game = proof that Scientology is a business