Author Question: FICA taxes and corporate retained earnings are subtracted from national income when personal income ... (Read 133 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
FICA taxes and corporate retained earnings are subtracted from national income when personal income is computed.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

When indirect business taxes are subtracted from GDP we get net national product of a nation.
 a. True
  b. False
  Indicate whether the statement is true or false



gstein359

  • Sr. Member
  • ****
  • Posts: 293
Answer to Question 1

True

Answer to Question 2

False



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

For a complete list of videos, visit our video library