Which Statement Best Describes the Changes in Income for Those

question 92

Multiple Choice

Which statement best describes the changes in income for those over 65 from 1981 to 2003?

• A) Income for males increased by 20 percent and income for females increased by 50 percent.
• B) Income for males increased by 24 percent and income for females increased by 32 percent.
• C) Income for males increased by 5 percent and income for females increased by 15 percent.
• D) Income for males decreased by 2 percent and income for females held steady.

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Definitions:

Dividends

Payments made by a corporation to its shareholders, typically from profits, as a distribution of earnings.

Equity Method

An accounting technique used to record investments in other companies, recognizing income proportional to the ownership percentage.

Net Income

A company's ultimate earnings after all taxes, costs, and expenses are subtracted from the gross income.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting its consumption, wear and tear, or obsolescence.