Table 20-13 The Following Table Shows the Distribution of Income in Widgetapolis

question 144

Multiple Choice

Table 20-13
The following table shows the distribution of income in Widgetapolis. ​
-Refer to Table 20-13. If the poverty line were $45,141, what would be the poverty rate?

• A)less than 20%
• B)between 20% and 40%
• C)between 40% and 60%
• D)between 60% and 80%

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Definitions:

CCA Tax Shield

The reduction in taxable income for Canadian businesses, derived from depreciating assets over time under Canada's Capital Cost Allowance regime.

Required Rate of Return

The lowest yearly percentage gain that convinces individuals or corporations to invest in a specific security or initiative.

After-tax Cash Flow

The amount of money a company has after it has paid taxes, representing the net cash inflow or outflow from its operating, investing, and financing activities.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income, capital gains, or other taxable entities.