An individual with a college degree earns ________ than a person without a college degree
A) over $20,000 more per year
B) over $800,000 more per year
C) almost $28,000 more per year
D) no more
Answer: A
Explanation: A person with a college degree earns, on the average, about $52,000 a year as compared to about $28,000 earned by a noncollege degree employee, making "over $20,000 more per year" the correct response and ruling out all other responses.
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Dividends is a(n) ________ account that has a normal ________ balance
A) liability; credit B) equity; debit C) liability; debit D) equity; credit
On December 2, 2017, Ewell, Inc purchases land
In payment for the land, Ewell, Inc issues 6,000 shares of common stock with $6 par value. The land has been appraised at a market value of $430,000. Which of the following is included in the journal entry to record this transaction? A) debit Common Stock-$6 Par Value for $36,000 and debit Paid-In Capital in Excess of Par -Common $394,000 B) credit Common Stock-$6 Par Value for $36,000 and credit Paid-In Capital in Excess of Par-Common $394,000 C) credit Common Stock-$6 Par Value for $430,000 D) debit Cash $430,000