Which of the Following Is True About Income Earners in the United

question 40

Multiple Choice

Which of the following is true about income earners in the United States?

• A) The top 1 percent account for less than 1 percent of the total tax revenue.
• B) The lowest 20 percent pay almost 32 percent of the total tax revenue.
• C) The highest 20 percent pay less than 40 percent of the total tax revenue.
• D) The middle 20 percent contribute more than 60 percent of the total tax revenue.
• E) The top 40 percent contribute more than 80 percent of the total tax revenue.

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Definitions:

Wrongfully Terminated

Being dismissed or fired from a job for illegal or improper reasons that violate company policy or law.

Franchisor

A franchisor is a business that grants licenses to franchisees for the operation of a business under the franchisor's brand and system.

Franchise

A type of business relationship where a franchisor allows a franchisee to use its trademark, products, and business model in exchange for a fee.

Sole Proprietorship

A business structure where a single individual both owns and operates the business, and is responsible for all its debts and liabilities.