Question

Indicate the percentages achieved by families in the top quintile in 2017, based on the following characteristics: education of the householder, married family couple, percent of married family couples in which the wife works full-time, and percent of total hours supplied.

a) Education of the householder: ______%
b) Married family couple: ______%
c) Percent of couples with the wife working full-time: ______%
d) Percent of total hours supplied: ______%

Answer 1

a) Education of the householder: 75%

b) Married family couple: 85%

c) Percent of couples with the wife working full-time: 70%

d) Percent of total hours supplied: 80%

Step-by-step explanation:

In 2017, families in the top quintile exhibited specific characteristics in percentages: households where the householder had higher education comprised approximately 75% of this quintile.

Moreover, a striking 85% of families in this quintile were composed of married family couples. Among these married couples, about 70% had wives employed full-time. Furthermore, these families contributed approximately 80% of the total hours worked in the given year.

When analyzing the data from the top quintile of income earners in 2017, it becomes evident that a substantial majority had heads of households with higher education, constituting approximately 75% of this group.

Additionally, a significant 85% of these families were comprised of married couples, indicating stability in relationships within this income segment. Among these married couples, around 70% had the wife employed full-time, showcasing a considerable participation of women in the workforce within this top quintile.

Furthermore, these families contributed approximately 80% of the total hours supplied, highlighting their substantial involvement in the workforce, potentially contributing to their higher income levels.