When It Comes to Segmenting Markets Based on Income, the Group

question 14

Short Answer

When it comes to segmenting markets based on income, the group of American households that have between $100,000 and $250,000 in investable assets and is one of the fastest growing segments in the United States is referred to as ________ ________.

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Definitions:

AGI

Adjusted Gross Income, which is gross income minus allowable deductions, used to determine taxable income on an individual's federal income tax return.

Modified AGI

Adjusted Gross Income adjusted by adding back certain deductions, often used to determine eligibility for various tax credits and retirement plans.

Qualified Adoption Expenses

Expenses that are necessary for and directly related to the legal adoption of an eligible child, which can include adoption fees, court costs, attorney fees, traveling expenses, and other expenses directly related to the adoption.

Child Tax Credit

A tax benefit in the United States designed to help families offset the cost of raising children by reducing their tax liability on a dollar-for-dollar basis.