The Table Below Shows the Distribution of Income in the U.S.in

question 19

Multiple Choice

The table below shows the distribution of income in the U.S.in the year 1978. Table 19.1
Refer to Table 19.1.What percentage of income is received by the bottom 20% of the households?

• A)10.3%
• B)43.9%
• C)24.7%
• D)4.3%
• E)16.9%

---

Definitions:

Journalize Transactions

The process of recording financial transactions in a company's journal, marking the first step in the accounting cycle.

Credit Card Sales

Transactions where customers purchase goods or services using a credit card as the payment method.

Service Charge Fee

A fee charged by a bank or financial institution for processing transactions or providing a specific service.

Finance Charges

The cost of borrowing money, including interest and other fees.