In 2000 the Average American Had an Income of About

question 102

Multiple Choice

In 2000 the average American had an income of about

• A)$28,400.
• B)$34,100.
• C)$39,800.
• D)$44,500.

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Definitions:

Insurance Policy

A contract between an individual or entity and an insurance company, outlining the terms for the insurance company to compensate the insured in the event of a loss.

Notification Requirement

A legal or regulatory condition that requires a party to inform another party or authority about certain information or changes, often within a specified time frame.

Third Party

An individual or group other than the two primarily involved in a transaction or legal situation.

Contractual Duties

Obligations imposed by a contract, requiring parties to act (or refrain from acting) in certain ways in fulfillment of the agreement's terms.