Table 20-8 Source: U.S. Bureau of Census

question 417

Multiple Choice

Table 20-8 Source: U.S. Bureau of Census
-Refer to Table 20-8. In 2011, the bottom 40% of families has

• A)about 13% of total income in the U.S.
• B)about 28% of total income in the U.S.
• C)about 51% of total income in the U.S.
• D)about 72% of total income in the U.S.

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Definitions:

Preferred Stock

A category of corporate ownership that has a priority over common stock in terms of asset and earnings claims, typically offering fixed dividend payments.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Dividends

Distributions from a company to its shareholders, usually coming from the firm's earnings.

Cumulative Preferred Stock

A type of preferred stock that accrues dividends in the event that any dividends are missed, ensuring that preferred shareholders are paid both missed and current dividends before any are paid to common shareholders.