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Household income levels that place one in the top 5 percent vary by location and change over time. However, at a national level in the United States, earning around $200,000 per year would typically put a household in the top 5 percent of income earners.

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Q: How much would you need to earn to be in the top 5 of household income?
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How much was the household income in 1956?

The median household income in the United States in 1956 was around $5,000. This amount would vary based on factors such as location, occupation, and family size.


Is gross household income monthly or annually?

Gross household income is typically reported on an annual basis. It represents the total income earned by all members of a household before any deductions or taxes are taken out.


What is the average household income around the world?

The average household income around the world varies greatly depending on the country and region, but overall it is estimated to be around $10,000 to $20,000 per year. Developed countries tend to have higher average household incomes compared to developing countries.


How much did the washing machine cost in the 1920s?

In the 1920s, washing machines typically cost around $50 to $150, depending on the brand, model, and features. However, this was considered expensive at the time, as the average household income was much lower compared to today.


What is the average household income in Afghanistan?

According to the United Nations, in 2003, households in Iraq had a per capita income of US $255 (366,000 Iraqi dinars) while in 2004, households in Iraq had a per capita income of US $144 (207,000 Iraqi dinars). The CIA World Factbook does not have available data on household income in Iraq but reports that as of 2008, 25 percent of the Iraqi population lived below the poverty line. Read more: How Much Money Does an Iraqi Family Make Yearly? at the Related Link below.

Related questions

What is gross household income?

gross household income is how much money everyone in your "household" brings home after taxes.


How much was the household income in 1956?

The median household income in the United States in 1956 was around $5,000. This amount would vary based on factors such as location, occupation, and family size.


How much income do you have to earn before you file income tax 2012?

How much income you have to earn before filing a 2012 Income Tax Return is determined by your filing status as Single, Married Filing Joint, Married filing Separate, Head of Household or qualifying widower. Based on your filing status and age if at the end of 2012 you are under 65 or 65 or older, file a return if your gross income was at least $3800 to $19,500.


How much did an engineer can earn the income?

2200000


How much income do you have to earn to qualify for earned income credit?

$3500 or more


How much do you need to earn to get earn income?

The earned income credit is really too complicated to explain in detail here. You should go to the IRS website, download the instructions, and go through the worksheets. Basically, if you graphed it, it would look like a small hill: the unearned income credit increases based on how much income you earn up to a certain point, after which it starts decreasing again.


How much income do you have to earn before you have to file Oregon state income taxes?

$3000


How much income do you have to earn before you file income tax return as a student?

$10,000


How much annual income will you earn on 1 million dollars?

It depends on the interest rate that you can get. If you can get 3% return: $30,000 'income' without touching the million principal. 5% return would earn $50,000 per year.


How much would your taxes be if you become a doctor?

That depends on how much you earn, what other income you have, and your deductions. The answer varies from one person (doctor) to the next.


How much life insurance would a newly married couple with a $100k annual income need?

A couple should be able to replace from one to five years of household income.


What percentage of household income do Americans spend on clothing?

Too much