Questions: Based on the data in the table, what percentage of households had before-tax incomes of less than 25,000 in 2020?

Based on the data in the table, what percentage of households had before-tax incomes of less than 25,000 in 2020?
Transcript text: Based on the data in the table, what percentage of households had before-tax incomes of less than $\$ 25,000$ in $2020 ?$
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Solution

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Solution Steps

To find the percentage of households with before-tax incomes of less than $25,000 in 2020, we need to sum the percentages of households in the income categories "Under $15,000" and "$15,000-$24,999" from the given table.

Step 1: Identify Relevant Income Categories

To determine the percentage of households with before-tax incomes of less than $25,000, we need to consider the income categories "Under $15,000" and "$15,000-$24,999".

Step 2: Sum the Percentages

Add the percentages of households in the relevant income categories: \[ \text{Percentage of households with income under } \$15,000 = 9.4\% \] \[ \text{Percentage of households with income between } \$15,000 \text{ and } \$24,999 = 8.7\% \]

Step 3: Calculate the Total Percentage

The total percentage of households with incomes less than $25,000 is the sum of the above percentages: \[ 9.4\% + 8.7\% = 18.1\% \]

Final Answer

The percentage of households with before-tax incomes of less than $25,000 in 2020 is \(\boxed{18.1\%}\).

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