The savings rate is a. the difference between gross income and disposable income. b. the ratio of personal income to taxes paid on income. c. the percent reduction in taxes due to permitted deductions. d. personal savings as a percentage of disposable income. e. cash savings as a percentage of total net worth
The savings rate is a. the difference between gross income and disposable income. b. the ratio of personal income to taxes paid on income. c. the percent reduction in taxes due to permitted deductions. d. personal savings as a percentage of disposable income. e. cash savings as a percentage of total net worth
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 1.1P
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The savings rate is
a. the difference between gross income and disposable income.
b. the ratio of personal income to taxes paid on income.
c. the percent reduction in taxes due to permitted deductions.
d. personal savings as a percentage of disposable income.
e. cash savings as a percentage of total net worth
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