In 2007, the Top 10 Percent of U

question 1

Multiple Choice

In 2007, the top 10 percent of U.S. households received approximately __________ of all income.

• A) 10
• B) 25
• C) 50
• D) 70

---

Definitions:

Defined Benefit Pension Plans

Retirement plans where an employer promises a specified pension payment upon retirement, based on the employee's earnings and years of service.

Funded Status

A measure of a pension plan's assets relative to its liabilities, indicating whether it has enough assets to cover its pension obligations.

Pension Discount Rate

The interest rate used to determine the present value of future pension liabilities.

Current Cash Flows

The money that is moving in and out of a business in the present time, especially as it pertains to operating activities.