Finance

posted by .

Assume personal income was $28 million last year. Personal outlays were $20 million and personal current taxes were $5 million.
a. What was the amount of disposable personal income last year?

  • Finance -

    3 Million???

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    This data given: GDP=$110; Income earned by citizens abroad=$5; income foreigners earn here=$15; loss from depreciation=$4; indirect business taxes=$6; business subsidies=$2; retained earnings=$5; corporate income taxes=$6; social …
  2. INB

    Last year Rattner Robotics had $5 million in operating income (EBIT). The company had net depreciation expense of $1 million and interest expense of $1 million; its corporate tax rate was 40 percent. The company has $14 million in …
  3. Financial accounting

    Last year Rattner had $5 million in operating income(EBIT). The company had net depreciation expense of $1 million and interest expense of $1 million; its corporate tax rate was 40 percent. The company had $14 million in current assets …
  4. financial mang.

    This is my problem i have to figure out can anyone talk me through this?
  5. financial management

    Last year Rattner Robotics had $5 million in operating income (EBIT). The company had net depreciation expense of $1 million and interest expense of $1 million; its corporate tax rate was 40 percent. The company has $14 million in …
  6. Accounting

    Appalachian Register, Inc. (ARI) has current sales of $50 million. Sales are expected to grow to $75 Million next year. ARI currently has accounts receivable of $10 million, inventories of $15 million and net fixed assets of $20 million. …
  7. finance

    Thelma and Louie's Inc started the year with a balance of retained earnings of $547 million and ended the ear with retained earnings of $594 million. The company paid dividends of $37 million to the preferred stockholders and $77 million …
  8. Finance

    Assume personal income was $28 million last year. Personal outlays were $20 million and personal current taxes were $5 million. a. What was the amount of disposable personal income last year?
  9. personal finance

    PSI, a financial services consultant, estimates that over _____ million U.S. households have a net worth in excess of $1 million. A. 4 B. 5 C. 10 D. 20 D ?
  10. math

    please check my answers below and correct me if i am wrong please 1. At Lexi Corp., sales revenue is $20 million, the cost of goods sold is $14 million, operating expenses are $3 million, and income taxes are $1 million. What is the …

More Similar Questions