A five person household earns a monthly income of 4000 dollars. Anni earns 0 dollars. Betty and

Fantastic news! We've Found the answer you've been seeking!

Question:

A five person household earns a monthly income of 4000 dollars. Anni earns 0 dollars. Betty and Claire earn 200 dollars each. Devon earns 400 dollars. Ernie earns the remainder. Calculate the Gini Coefficient for this household.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: May 04, 2024 05:58 AM

See More Questions

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
Consider an economy with the following income distribution: Each person below the 25th percentile of the income distribution earns $15,000. Each person between the 25th and 50th earns $30,000. Each...
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
List four components and four guidelines that the J. Crew mission statement fails to exhibit. Write a new and improved mission for J. Crew.
Compare the acrophobia therapies described in Case Study 13.2.1 using the Friedman test. Let = 0.01. Does your conclusion agree with the inference reached using the analysis of variance? Number of...
1. Does increased World Trade mean increased risk? 2. Comment on the assumption, "If people are serious about doing business with you, they will speak English."
Consider an ideal column as in Fig. 13-10c, having both ends fixed. Show that the critical load on the column is $P_{\text {cr }}=4 \pi^{2} E I / L^{2}$. Due to the vertical deflection of the top...
Linda Lechner is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 60. Furthermore, the standard deviation for BX-5...
Silver Records has 4 employees who are paid on the 1 and 15 of each month for the work they performed in the preceding half-month. At November 30, each employee is owed gross pay of $2,250, but each...
In a market system, intermediaries in the exchange process are known as producers. middlemen. consumers. free agents.
Look back at the calculations of ROI and RI and make sure that you understand and can explain each of them.
Write down two types of business that sell goods on credit and two types of business that sell only for cash. What explanations might be given for these different strategies?
A company has only $700,000 available for investment during the coming year. It has identified the following four investment opportunities, all of which are divisible, and have the same life....
You are the financial manager of a school where some teaching departments are spending more than their budget allowance on materials and others are being frugal and spending less. It is six months...
Which of the following would be the most appropriate measure to monitor the performance of the manager of a profit centre? A Gross profit margin. B Revenue minus all costs. C Revenue minus...
Part 1: Evaluate the final business process improvement plan for KIA. 1. Explain how continuous improvement can help your chosen company monitor processes in comparison to stopping at the To-Be...
In Problems, solve each system of equations. x + 2y + 3z = 5 y + 11z = 21 5y + 9z = 13
True or False. The system stiffness matrix is always singular unless the boundary conditions are incorporated.
Derive the stiffness and mass matrices of the planar frame element (general beam element) shown in Fig. 12.16 in the global $X Y$-coordinate system. Y U U3 U Joint 1 Joint 2 U6 Us UA FIGURE 12.16 A...
Fill in the Blank. The displacement within a finite element is expressed in terms of _____________ functions.

A five person household earns a monthly income of 4000 dollars. Anni earns 0 dollars. Betty and

Question:

Expert Answer:

Calculating the Gini Coefficient for the Household Step 1 Rank the individuals by income Individual ... View the full answer

Income Tax Fundamentals 2013

Students also viewed these economics questions