Solve the Problem. -The Table Below Shows the Results of a Consumer Survey

question 109

Multiple Choice

Solve the problem.
-The table below shows the results of a consumer survey of annual incomes in 100 households. What is the probability that a household has an annual income less than $25,000?

• A)0.3
• B)0.7
• C)0.22
• D)0.6

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Definitions:

Flexible Spending Account

A type of savings account, usually for healthcare or dependent care expenses, that offers tax advantages by using pre-tax dollars.

Federal Taxes

Federal Taxes are imposed by the government on income, goods, services, and activities, used to fund public services and government operations.

Schedule A

A form used in the United States tax system for itemizing allowable deductions against personal income to reduce taxable income.

Tax Rate Schedule

A chart or table that determines the amount of tax due based on income brackets, applicable to different filing statuses.