The Richest 20 Percent of Individuals in the United States

question 99

Multiple Choice

The richest 20 percent of individuals in the United States receive about ________ of the nation's total income.

• A) 21 percent
• B) 51 percent
• C) 91 percent
• D) 99 percent
• E) 23 percent

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Definitions:

Unlimited Liability

A legal condition where a business owner or partner can be held personally responsible for the debts and obligations of the business without any limit.

Limited Partner

An investor in a partnership who is not involved in the day-to-day operations and whose liability is restricted to the amount of their investment.

Contaminated Food

Food that has been corrupted by harmful bacteria, viruses, or substances, making it unsafe for consumption.

Gross Revenues

The total revenues generated by a business before any deductions are made for expenses.