Market income equals
A) the wages, interest, rent, and profit earned in factor markets after paying income taxes.
B) the wages, interest, and profit earned in factor markets before paying income taxes.
C) the wages, interest, and rent earned in factor markets before paying income taxes.
D) the wages, interest, rent, and profit earned in factor markets before paying income taxes.
E) the wages, rent, and profit earned in factor markets before paying income taxes.
Correct Answer:
Verified
Q4: After-tax income equals
A)total income minus tax payments
Q5: Total income equals
A)market income minus payments to
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