profits for families

production Account: This account refers to any output minus input the mother-and-pop stores within the region generate. The ensuing parent is called value introduced. In 2015 fee delivered at basic prices become R678 263m.

technology of income account: regrettably for the mother-and-pop shops, this R678 263m isn't the take-domestic money for them. things like salaries to employees, taxes and so forth. still want to be subtracted or delivered to the quantity. once that is accomplished, they are left with a groovy R485 160m. this is called Gross working surplus or combined income.

Allocation of number one income account: So now we're completed with the money coming from in the household sector itself. subsequent we upload on any income from the rest of the economic system.

this would include most folks. All our salaries from jobs as accountants, nurses or instructors could be delivered here. In 2015, this discern become R1 865 847m  net earnings from property held (lending or renting economic or natural sources) is also introduced. The addition of these types of to the preceding technology of income account quantities to a gross balance for primary income of R 2 598 448m.

Secondary distribution of earnings account: but wait! these aren't the simplest income streams for families. A huge element also comes from transfers, like social benefits, non-life coverage claims and so forth. those amounted to pretty a great R616 510m in 2015.

but, in which there may be give, there may be also take, inside the shape of taxes and contributions paid, amounting to R790 899m that wishes to be subtracted. This then completes our tale of profits generated within the family and NPISH sector. In 2015, a total of R2 424 059m changed into available as gross disposable profits.