Question

cameron is choosing a career out of high school with no further training. the median salary for this career is $30,000. his friend mateo is choosing a career that requires a college degree but has a median salary of $55,000. over 20 years, what will be the difference between their incomes? $500,000 $85,000 $1,700,000 $25,000

Explanation:

Step1: Identify Cameron's total income

Cameron's median - salary is $30,000 per year. Over 20 years, his total income is $30,000\times20 = 600,000$.

Step2: Identify Mateo's total income

Mateo's median - salary is $55,000 per year. Over 20 years, his total income is $55,000\times20=1,100,000$.

Step3: Calculate the difference

The difference between their incomes is $1,100,000 - 600,000=500,000$.

Answer:

$500,000$