Personal Disposable Income Calculator

✖Personal Income refers to the total amount of income received by individuals from all sources before taxes and other deductions are made.ⓘ Personal Income [PI]			+10% -10%
✖Personal Taxes refer to the taxes levied on individuals based on their income, assets, expenditures, or other financial transactions.ⓘ Personal Taxes [PT]			+10% -10%
✖Miscellaneous Receipts of Government refer to revenues received by the government that do not fit into the major categories of taxes, fees, or other specific sources of income.ⓘ Miscellaneous Receipts of Government [MRG]			+10% -10%

✖Personal Disposable Income is the total amount of income available to individuals or households for spending and saving after accounting for personal income taxes.ⓘ Personal Disposable Income [PDI]

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Formula

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Personal Disposable Income

Formula

`"PDI" = "PI"-"PT"-"MRG"`

Example

`"9000"="20000"-"1000"-"10000"`

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Personal Disposable Income Solution

STEP 0: Pre-Calculation Summary

Formula Used

Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government
PDI = PI-PT-MRG
This formula uses 4 Variables

Variables Used

Personal Disposable Income - Personal Disposable Income is the total amount of income available to individuals or households for spending and saving after accounting for personal income taxes.
Personal Income - Personal Income refers to the total amount of income received by individuals from all sources before taxes and other deductions are made.
Personal Taxes - Personal Taxes refer to the taxes levied on individuals based on their income, assets, expenditures, or other financial transactions.
Miscellaneous Receipts of Government - Miscellaneous Receipts of Government refer to revenues received by the government that do not fit into the major categories of taxes, fees, or other specific sources of income.

STEP 1: Convert Input(s) to Base Unit

Personal Income: 20000 --> No Conversion Required
Personal Taxes: 1000 --> No Conversion Required
Miscellaneous Receipts of Government: 10000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

PDI = PI-PT-MRG --> 20000-1000-10000

Evaluating ... ...

PDI = 9000

STEP 3: Convert Result to Output's Unit

9000 --> No Conversion Required

FINAL ANSWER

9000 <-- Personal Disposable Income

(Calculation completed in 00.004 seconds)

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Credits

Created by Aashna

IGNOU (IGNOU), India

Aashna has created this Calculator and 50+ more calculators!

Verified by Vishnu K

BMS College of Engineering (BMSCE), Bangalore

Vishnu K has verified this Calculator and 200+ more calculators!

< 20 Macroeconomics Calculators

Operating Surplus

Go Operating Surplus = Value of Output-Intermediate Consumption-Compensation of Employees-Mixed Income-Consumption of Fixed Capital-Net Indirect Taxes

Components of Aggregate Demand

Go Components of Aggregate Demand = Private Consumption Expenditure+Investment Expenditure+Government Expenditure+Net Exports

Real Effective Exchange Rate

Go Real Effective Exchange Rate = (Consumer Price Index of Domestic Nation*Nominal Effective Exchange Rate)/Consumer Price Index of Foreign Country

Net Factor Income from Abroad

Go Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings

National Disposable Income

Go National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World

Gross Domestic Product at Factor Cost

Go Gross Domestic Product at Factor Cost = Gross Domestic Product at Market Price+Subsidies-Indirect Taxes

Change in Money Supply

Go Change in Money Supply = (1/Required Reserve Ratio)*Change in Bank Reserves-(Initial Deposit Amount)

Personal Disposable Income

Go Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government

Life Expectancy

Go Life Expectancy = Current Age of the Individual+Average Life Expectancy-Adjustment Factor

Private Final Consumption Expenditure

Go Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE

Gross National Product at Market Price

Go Gross National Product at Market Price = Gross Domestic Product at Factor Cost+Net Factor Income from Abroad

Net Domestic Product at Factor Cost

Go Net Domestic Product at Factor Cost = Net Domestic Product at Market Price-Net Indirect Taxes

Net Domestic Product at Market Price

Go Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation

Growth Rate of Money Supply

Go Growth Rate of Money Supply = Rate of Inflation+Growth Rate of Real Gross Domestic Product

Real Gross Domestic Product Per Capita

Go Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population

Expenditure Multiplier

Go Expenditure Multiplier = Initial Consumer Price Index/Change in Government Spending

Gross National Disposable Income

Go Gross National Disposable Income = Net National Disposable Income+Depreciation

Velocity of Money

Go Velocity of Money = Nominal Gross Domestic Product/Money Supply

Real Wage

Go Real Wage = Nominal Wage/Consumer Price Index

Simple Deposit Multiplier

Go Simple Deposit Multiplier = 1/Required Reserve Ratio

Personal Disposable Income Formula

Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government
PDI = PI-PT-MRG

What do you mean by Personal Disposable Income ?

Personal Disposable Income is the total amount of income earned by individuals or households for spending and saving after deducting taxes. PDI is an important economic indicator used to assess the purchasing power and financial well-being of individuals or households within an economy. It reflects the amount of income available for discretionary spending on goods and services, as well as for savings and investment. Changes in Personal Disposable Income can impact consumer spending patterns, savings rates, and overall economic growth. Personal Disposable Income is often used by policymakers, economists, and analysts to evaluate the effectiveness of tax policies, assess consumer behaviour, and formulate economic policies aimed at promoting household welfare and economic stability. It is also used in various economic analyses and forecasting models to understand trends in consumer spending and economic growth.

How to Calculate Personal Disposable Income?

Personal Disposable Income calculator uses Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government to calculate the Personal Disposable Income, Personal Disposable Income represents the portion of income that individuals can freely allocate to consumption, savings, and investment after taxes have been deducted. Personal Disposable Income is denoted by PDI symbol.

How to calculate Personal Disposable Income using this online calculator? To use this online calculator for Personal Disposable Income, enter Personal Income (PI), Personal Taxes (PT) & Miscellaneous Receipts of Government (MRG) and hit the calculate button. Here is how the Personal Disposable Income calculation can be explained with given input values -> 9000 = 20000-1000-10000.

FAQ

What is Personal Disposable Income?

Personal Disposable Income represents the portion of income that individuals can freely allocate to consumption, savings, and investment after taxes have been deducted and is represented as PDI = PI-PT-MRG or Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government. Personal Income refers to the total amount of income received by individuals from all sources before taxes and other deductions are made, Personal Taxes refer to the taxes levied on individuals based on their income, assets, expenditures, or other financial transactions & Miscellaneous Receipts of Government refer to revenues received by the government that do not fit into the major categories of taxes, fees, or other specific sources of income.

How to calculate Personal Disposable Income?

Personal Disposable Income represents the portion of income that individuals can freely allocate to consumption, savings, and investment after taxes have been deducted is calculated using Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government. To calculate Personal Disposable Income, you need Personal Income (PI), Personal Taxes (PT) & Miscellaneous Receipts of Government (MRG). With our tool, you need to enter the respective value for Personal Income, Personal Taxes & Miscellaneous Receipts of Government and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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