Which of the following mostly likely happened to the Joneses if they were in the top 1 percent of earners in
2009?
A)They saw a decrease in income.
B)They saw a large tax increase.
C)They saw little or no decline in net worth.
D)None of the above.

Question

Quizplus · Accepted Answer

Being in the top 1 percent of earners in 2009 would indicate a very high income. While there may have been some economic challenges that year, it is unlikely that this top earners group experienced a decrease in income. Additionally, there were no significant tax increases that year. Therefore, choice C is the most likely option, as being in the top 1 percent of earners would suggest they had a solid financial footing and little decline in net worth.

Which of the Following Mostly Likely Happened to the Joneses