This function categorizes individuals' adjusted household income based on specified income ranges.
Usage
categorize_income(adj_hh_inc)
Arguments
- adj_hh_inc
Numeric value representing the adjusted household income.
Value
A categorical value indicating the income category:
1: Below or equal to $21,500
2: Above $21,500 and up to $35,000
3: Above $35,000 and up to $50,000
4: Above $50,000 and up to $70,000
5: Above $70,000
NA(b): Missing or invalid input
Examples
# Example 1: Categorize a household income of $25,000
categorize_income(25000)
#> [1] 2
# Output: 2
# Example 2: Categorize a household income of $45,000
categorize_income(45000)
#> [1] 3
# Output: 3
