According to a 2016 Pew Report, the Median Net Worth

question 99

Multiple Choice

According to a 2016 Pew report, the median net worth of white households is many times greater than that of black households - with black households at only ______ and white households at ______.

• A) $11,200; $144,200.
• B) $12,300; $150,200.
• C) $13,333; $160,200.
• D) $14,400; $170,200.
• E) $15,500; $180,200.

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Definitions:

Insurance Pension Plans

Retirement plans that combine the benefits of insurance and savings, providing income after retirement through periodic premiums paid during a worker’s employment.

Salaries And Wages Payable

A liability account that represents the amounts owed to employees for work performed but not yet paid.

Medical Insurance Deductions

Amounts subtracted from an employee's gross pay for health insurance premiums, often part of an employer-sponsored health plan.

Federal Unemployment Taxes

Taxes imposed on employers to fund unemployment benefits, administered at the federal level.