Which of the Following Statements Is True About Living Arrangements

question 34

Multiple Choice

Which of the following statements is true about living arrangements?

• A) there is a one-to-one correspondence between marital status and living arrangements
• B) there is very little diversity in the living arrangements of seniors
• C) gender plays a determining role in the living arrangements of seniors
• D) living arrangements of seniors tend to be considerably static
• E) change in marital status does not usually mean a change in living arrangements

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Definitions:

Tax Bracket

A range of incomes taxed at a given rate.

Average Tax Rate

The ratio of the total amount of taxes paid to the total taxable income, showing the share of income that goes to taxes.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, indicating the percentage of an additional dollar of earnings that will be paid in tax.

Average Tax Rate

The average tax rate is the portion of total income that is paid as taxes, calculated by dividing the total taxes paid by the total income.