Twenty Percent of the Population Grouped in Terms of a Range

question 37

Multiple Choice

Twenty percent of the population grouped in terms of a range of income is called a(n)

• A)quint.
• B)quintile.
• C)Gini coefficient.
• D)fifth statistic.
• E)income fifth.

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Definitions:

Liability

The state of being legally responsible for something, especially in terms of owing money or other obligations.

Incorporators

Incorporators are individuals or entities that are involved in creating and registering a corporation with the relevant state authority, completing and filing its articles of incorporation.

Federal Income Tax

A tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

Legally Operate

To conduct business activities in accordance with the laws and regulations of the jurisdiction in which the business exists.