To answer this question, Use the following link for reference: http://www.nytime

Question

To answer this question, Use the following link for reference: http://www.nytimes.com/interactive/2012/01/15/business/one-percent-map.html?_r=0

Click on Austin, Texas and look the the left of the map. It should say some more information about household incomes in the Austin, Texas region. According to the information on this part, in order to be in the 1% of incomes in Austin I must make at least 418,281. My actual income is 53,500, which puts me in the bottom 47% in Austin. How many more times is 418,281 than my actual income of 53,500?

Explanation / Answer

given, in order to be in the 1% of incomes in Austin I must make at least 418,281.

actual income is 53,500

divide 418,281 by 53500

418,281 /53500 =7.82

418,281 is approximately 7.82 times the actual income of 53,500

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