Which of the Following Is Accurate About the Upper Class

question 28

Multiple Choice

Which of the following is accurate about the upper class in the United States today?

• A) It is a largely self-sustaining group and rarely adds new members.
• B) It is comprised mainly of skilled workers in technical fields.
• C) It makes up about 30 percent of the population.
• D) Those in the upper class usually work in executive, managerial, and professional jobs.

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Definitions:

Federal Income

Revenue collected by the federal government, mainly from taxes such as income taxes and corporate taxes.

FICA Taxes

Taxes collected under the Federal Insurance Contributions Act to fund Social Security and Medicare, deducted from employee paychecks and matched by employers.

Electronic Funds Transfer

A system of transferring money from one bank account directly to another without any paper money changing hands, often using online banking platforms.

Employee Check Stub

A document that accompanies an employee’s salary, detailing the breakdown of their earnings and deductions.