In the 1950s

question 259

Multiple Choice

In the 1950s

• A)more women were unemployed than underemployed.
• B)more women were underemployed than unemployed.
• C)about the same number of women were unemployed as underemployed.

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Definitions:

Roth Retirement Plan

A type of retirement savings plan where contributions are made with after-tax dollars, and qualified withdrawals in the future are tax-free.

Income Growth

The increase in the amount of money earned from investments or employment over time, reflecting economic expansion or personal financial improvement.

Effective Tax Rate

The average rate at which an individual or corporation is taxed, calculated by dividing the total tax paid by the taxable income.

401k Plan

A retirement savings plan sponsored by an employer allowing employees to save and invest a portion of their paycheck before taxes are taken out.