The Family Economies of the Middle Class Are Distinguished from Those

question 35

Multiple Choice

The family economies of the middle class are distinguished from those of the lower and working classes by

• A) middle class links with non-familial institutions, such as banks.
• B) the higher likelihood of two-earner families.
• C) the middle class tendency to depend on families for financial help.
• D) none of the above

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Definitions:

Sales Taxes

These are taxes imposed by governments on the sale of goods and services.

Sick Pay

Compensation paid by employers to employees during periods when they are unable to work due to illness.

Cumulative Preferred Stock

Cumulative preferred stock is a type of preferred stock that accumulates dividends in case of non-payment in any period, requiring these dividends to be paid out before any dividends to common stockholders.

Dividend Payable

A liability recorded when a company declares dividends to be paid to shareholders, representing the amount owed until the dividends are distributed.