WBCS.LIVE practice question

Calculate personal income from the following data. I. National Income = Rs. 1,000 II. Corporate tax = Rs. 10 III. Subsidies = Rs. 5 IV. Undistributed profits = Rs. 15 V. Rent = Rs. 15

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Rs. 975
  2. Rs. 950
  3. Rs. 1,000
  4. Rs. 980

Correct answer and explanation

Correct answer: Rs. 980