An Inheritance of $234,000 Is to Be Divided Between a Child

question 5

Multiple Choice

An inheritance of $234,000 is to be divided between a child and the local cancer fund in the ratio of 1 to 5. How much money will the child receive?

• A) $38,750
• B) $38,500
• C) $40,500
• D) $39,000
• E) $40,000

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Definitions:

Laura Lein

An academic known for her research in social welfare, poverty, and the study of families in poverty.

Single Mothers

Women who are raising their children without the support of a partner, often facing unique social, emotional, and financial challenges.

Income Quintile

A statistical value of a data set that represents 20% of a population divided based on income levels, used to analyze economic disparity.

Property Income

Income earned from the ownership of assets, such as rents from property, dividends from shares, or interest from financial investments.