Which of the Following Has Contributed to the Rising Income

question 19

Multiple Choice

Which of the following has contributed to the rising income inequality in the United States?

• A) The proportion of single-parent families has increased.
• B) The proportion of dual-earner families has increased.
• C) Earnings differentials between skilled and less-skilled workers have increased.
• D) all of the above

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Definitions:

Support

Assistance or help provided by an individual or system to address a need or solve a problem.

Dependency Exemption

A tax exemption for a taxpayer who supports another generally based on kinship, amount of support, and income levels (Note: Under tax law changes, this may not apply for certain tax years).

Qualifying Relative's Support

Expenses that contribute to more than half of a qualifying relative's total support for the year, impacting eligibility for certain tax benefits.

Dependency Exemption

A tax deduction allowed for a taxpayer to claim for those who depend on the taxpayer's financial support, such as children or relatives, reducing taxable income.