Today, US Census Data Have Revealed the Median Family Income of of Black

question 47

Multiple Choice

Today, U.S. Census data have revealed the median family income of black families to be ______ percent of the median family income of white families.

• A) 33.3
• B) 40.1
• C) 56.5
• D) 60.7
• E) 71.3

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Definitions:

Tax-Freedom Day

A concept depicting the day of the year by which an average citizen has earned enough income to pay off their annual tax obligations to the government.

Tax Bills

Statements of money owed to the government as a result of taxation.

Marginal Tax Rate

The rate at which the next dollar of taxable income will be taxed, a concept crucial in understanding progressive taxation systems.

Federal

Pertaining to the central government, as opposed to state or local governments, especially regarding its relationship with the states in a federal system of government.