{"id":71321,"date":"2020-12-01T11:20:27","date_gmt":"2020-12-01T05:50:27","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=71321"},"modified":"2020-12-01T11:20:27","modified_gmt":"2020-12-01T05:50:27","slug":"personal-income","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/personal-income\/","title":{"rendered":"Personal Income"},"content":{"rendered":"<p><span data-contrast=\"none\">Personal Income is the part of National Income which is received by the households.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The formula for calculating Personal Income (PI) is<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Personal income (PI) \u2261 National Income \u2013 Undistributed profits<\/span><span data-contrast=\"none\">(profits utilised by manufacturers for further production)<\/span><span data-contrast=\"none\">\u00a0\u2013 Net interest<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:259}\"> \u00a0<\/span><span data-contrast=\"none\">payments made by households \u2013 Corporate tax + Transfer payments to<\/span> <span data-contrast=\"none\">the households from the government and\u00a0firms<\/span><span data-contrast=\"none\">(<\/span><span data-contrast=\"auto\">old-age pensions, unemployment compensation, relief payment etc.<\/span><span data-contrast=\"none\">)<\/span><span data-contrast=\"none\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">Note<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Undistributed profits \u2013 these are the profits which is not distributed\u00a0<\/span><span data-contrast=\"none\">to the<\/span><span data-contrast=\"none\">\u00a0households<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Corporate Tax \u2013 It also does not accrue to the households<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Personal Income is the part of National Income which is received by the households.\u00a0 The formula for calculating Personal Income (PI) is\u00a0 Personal income (PI) \u2261 National Income \u2013 Undistributed profits(profits utilised by manufacturers for further production)\u00a0\u2013 Net interest \u00a0payments made by households \u2013 Corporate tax + Transfer payments to the households from the government&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/personal-income\/\">Continue reading <span class=\"screen-reader-text\">Personal Income<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-71321","post","type-post","status-publish","format-standard","hentry","category-public","entry"],"jetpack_featured_media_url":"","views":{"total":118,"cached_at":""},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/71321","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=71321"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/71321\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=71321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=71321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=71321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}