New Jersey and New York Have the Highest State Taxes

question 74

Multiple Choice

New Jersey and New York have the highest state taxes in the United States.  They also have high ratios of people moving out compared to people moving into the state.  This impacts the ______ aspect of demographic analysis.

• A) age structure
• B) geographic distribution
• C) income distribution
• D) ethnic mix

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Definitions:

Tax-Qualified

Pertains to financial accounts or plans that meet government standards for receiving tax advantages.

Retirement Benefit Plan

A financial arrangement designed to provide individuals with an income or benefits upon retirement, often sponsored by employers or governments.

Due Diligence

An investigative process performed by investors or companies to assess the viability, risks, and opportunities of a prospective deal, investment, or partnership.

Venture Capitalist

An investor who provides capital to startups or small businesses with high growth potential in exchange for equity or partial ownership.