All of the following,except one,adjustments to national income are necessary to obtain personal income.Which is the exception?

Question

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Adjustments such as subtracting undistributed profits, corporate-profit taxes, and other income not paid out are necessary to obtain personal income as they are not directly received by individuals. Adding government transfer payments, such as social security or welfare, is also necessary as these are payments made directly to individuals. However, subtracting indirect taxes, such as sales tax or excise tax, is not necessary as these taxes are already included in national income and do not need to be adjusted separately.

All of the Following,except One,adjustments to National Income Are Necessary