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Questions
Giving reason explain how should the following be treated in the estimation of national income:
Payment of corporate tax by a firm
How should the following be treated in estimating the national income of a country? You must give the reason for your answer.
Payment of corporate tax
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Solution 1
Payment of a corporate tax is not included in the estimation of national income because it is a payment made by the firm out of their income.
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Solution 2
Payment of corporate tax is included in the estimation of national income because it is a part of the corporate profit.
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