The Average Cost of a Wedding in the U

question 50

Multiple Choice

The average cost of a wedding in the U.S in 2011 was

• A)$10,802.
• B)$26,501.
• C)$33,556.
• D)$47,093.

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Definitions:

Taxation Rate

The percentage at which an individual or corporation is taxed, which can vary based on income level and type of income.

Tax-Exempt Income

Income that is not subject to tax by federal, state, or local authorities, allowing the recipient to keep the full amount.

Recognize Income

The process of reporting income when it is earned, according to accounting principles, regardless of when it is received.

Unemployment Compensation

Financial benefits provided to individuals who have lost their job through no fault of their own, as a means to temporarily assist them while they seek new employment.