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30,000 dollars or less a year is considered lower class. However, in third world countries it would be considered a lot of money.
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Middle class income range?
According to experts, personal income level determines individual class level. Therefore, lower-middle class income range is between $35,000 and $60,000. The upper middle class income level is income exceeding $75,000.
Does the amount of a debt affect your credit score?
Absolutely. Your credit score is based on the amount of money you owe, have owed or are in arrears. There is a formula used to compare your income to debt ratio. The higher the debt compared to your income, the lower your credit score.
Is it good to have tax deductions in uS?
Yes, they lower the amount of taxable income someone has, and hence the tax one must pay.
What is affordable housing?
Affordable housing usually refers to living quarters with housing costs that are considered "affordable" to those in the median income range. Ir is most commonly used to describe rental housing that is within the financial means of lower income individuals or families. Generally, affordable housing is considered to be at or under 30% of a household's gross income.
What should be your annual income in INR then you come in category of upper middle class in India?
In India if your family incom is above 65000/- (4 member) & above , you have your own house,no heavy debts you are in upper middle class If your family income is above 35000/- & lower than 60 then it is middle class anything less than this is lower middle class Again it also depends where you live & how you live ? This is for city having population more than 5 lac-15 lac if you are in city witha a population above 15 lac it's different . If income of a 4 member family is 1lac & above with own house then it is UMC, if it is in between 50-75 it is middle class
What is the income definition of low class?
In common English usage, "low class" means rude, vulgar, or ill-behaved and can apply to anyone of any income level. You probably want to know what "lower class" income levels are. There are official definitions of poverty levels for various sizes of families, but lower class is a more nebulous term with no official definition. A person who might have enough income to be considered middle class in rural Alabama might be considered low class in Manhattan where the cost of living is significantly higher. And they might all be considered high class in Mumbai India.
Middle class income range?
According to experts, personal income level determines individual class level. Therefore, lower-middle class income range is between $35,000 and $60,000. The upper middle class income level is income exceeding $75,000.
Which action from the U.S government would most encourage consumers to spend money in the free market?
lower the amount of personal income tax
How do you calculate bills proportionate to income IE one income is 90k and other income is 40K What pecentage does the lower income pay?
90+40=130 (Total payment/130)x40=amount paid by lower income. (Total payment/130)x90=amount paid by higher income.
Black families today are lower class middle class or upper class?
Depends on their income. Just like any other worker's.
Why were merchants considered lower class citizens in feudal Japan?
Merchants in feudal Japan were considered lower class citizens because their item(s) wasn't made by them, they were made by someone else.
Why did napoleon 3 appeal to the lower class?
The lower class had a much larger population that any other class. Therefore, if Napoleon had their support, that would mean he would have a major amount of people fighting on his side.
To which class Nelson Mandela belong?
All blacks during the apartheid were in the lower class, no matter what. After his election, he was considered part of the middle-black class
What is considered affordable housing?
Technically, "affordable housing" is considered affordable to those with a median income level. Usually, though, the term refers to rental housing aimed at the lower income range of an area.
What is the importance of income distribution to us especially to our economy?
The distribution of income in a population is a measure of the concentration of income. That is, of the total population, what percentage receive immense incomes relative to what percentage receive little or no income, and the relative measures of those levels of income. In the US, terms like "upper (income) class", "middle class", and "lower class" have identified three distinct levels of income. The income levels associated with each, and the relative sizes of each class changes continuously. In general, lower class refers to too little income for planning and saving; income for a month covers not much more, if all, the expenses for the month. Middle class income might allow savings of a few months income to several years' worth. Upper class might have savings in excess of several years of income, or much more. Different political agendas see the classes as having different roles in the social structure. In one view, the upper class provides the capital for ventures and infrastructure, the middle class the skilled efforts and mercantile workforce that actually generate most of the wealth of the nation. The lower class provides relatively less wealth creation, but often much of the labor and, prior to modern agribusiness, much of the food of the nation. Societies with very large lower classes and little mobility (the access people have to move to a higher income class) tend to be less stable, more prone to civil unrest. In the US, military service and public education, plus a reliance on character and aptitude over social status in hiring practices, has been markedly accessible, in the past. Another social theory contends that the existence of the upper class is the reason for poverty, and removal of wealth from the upper and middle classes will enrich the lower class to place the entire society in the middle class. Measuring and citing income distribution can be used in serious study of social dynamics, in evaluating and planning economic changes, trends, and impacts of changes, and in political rhetoric. Sharply divided income distributions favor the few wealthy and powerful individuals, as they have few competitors and a large impact of the lower classes. Broadly distributed incomes, particularly large middle classes and modest lower class people, tend to generate more wealth for all, including the lower classes.
What is father name of Zarine Khan?
Abu Yousuf Khan... from a poor and lower mid class income society of Mumbai
Does the amount of a debt affect your credit score?
Absolutely. Your credit score is based on the amount of money you owe, have owed or are in arrears. There is a formula used to compare your income to debt ratio. The higher the debt compared to your income, the lower your credit score.
