Table 20-4 Source: U.S. Bureau of Census
-Refer to Table 20-4. In 2011, the top fifth of families have
A)almost 13 times as much income as the bottom fifth of families.
B)28.2% more income than the bottom fifth of families.
C)50.3% more income than the bottom fifth of families.
D)45.1% more income than the bottom fifth of families.

Question

Table 20-4  Source: U.S. Bureau of Census
-Refer to Table 20-4. In 2011, the top fifth of families have
A)almost 13 times as much income as the bottom fifth of families. 
B)28.2% more income than the bottom fifth of families. 
C)50.3% more income than the bottom fifth of families. 
D)45.1% more income than the bottom fifth of families.

Quizplus · Accepted Answer

The top fifth of families have a median income of $187,872, while the bottom fifth have a median income of $14,790. To find the ratio of the top fifth's income to the bottom fifth's income, we divide $187,872 by $14,790, which equals approximately 12.7. Therefore, the top fifth of families have almost 13 times as much income as the bottom fifth of families.