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Business / Basic Statistics for Business and Economics 7 / Chapter 2 / Problem 41E

Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen

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Residents of the state of South Carolina earned a total of

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QUESTION:

Problem 41E

Residents of the state of South Carolina earned a total of $69.5 billion in adjusted gross income. Seventy-three percent of the total was in wages and salaries; 11 percent in dividends, interest, and capital gains; 8 percent in IRAs and taxable pensions; 3 percent in business income pensions; 2 percent in Social Security, and the remaining 3 percent from other sources. Develop a pie chart depicting the breakdown of adjusted gross income. Write a paragraph summarizing the information.

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QUESTION:

Problem 41E

Residents of the state of South Carolina earned a total of $69.5 billion in adjusted gross income. Seventy-three percent of the total was in wages and salaries; 11 percent in dividends, interest, and capital gains; 8 percent in IRAs and taxable pensions; 3 percent in business income pensions; 2 percent in Social Security, and the remaining 3 percent from other sources. Develop a pie chart depicting the breakdown of adjusted gross income. Write a paragraph summarizing the information.

ANSWER:

Answer:

Step 1 of 1:

(a)

Residents of the state of South Carolina earned a total of $69.5 billion in adjusted gross income.

Gross Income	Breakdown of gross income (in percent)

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