Question

Based on an annual disposable income of $40,000, calculate the average amount of money a person would save in Japan; in the United States; in France. *Convert each country's percentage to a decimal and multiply that with the 40,000.

Answer 1

Explanation:

Total personal revenue is the disposable income less personal taxes. Employee earnings minus employee actual taxes in terms of national reports reflect net established income.

The household saving rate is specified as total saving divided by disposable income.

Household saving = Disposable income * Households saving rate

Japan:

$40,000*1.9% = $760

United States :

$40,000*4% = $1,600

France :

$40,000*15.8% = $6,320