Keith McPherson Earned $20,000 Last Year as a Carpenter

question 218

Multiple Choice

Keith McPherson earned $20,000 last year as a carpenter. He paid $6,000 for food, rent, medical expenses and other "necessities." There was little construction work in February, so he took a trip to the Caribbean and spent $4,000. What was Keith's disposable income last year?

• A) $4,000
• B) $20,000
• C) $10,000
• D) $12,000
• E) There is not enough information to tell.

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Definitions:

Assimilation

The cognitive process of fitting new information into pre-existing cognitive schemas, perceptions, and understanding.

Accommodation

In cognitive development, the process by which individuals modify their existing mental frameworks or schemas to incorporate new information.

Organization

A structured arrangement of people and resources designed to achieve specific goals and objectives.

Sensorimotor Stage

The first stage of Jean Piaget's theory of cognitive development, where infants from birth to approximately 2 years old understand the world through their sensory experiences and motor actions.