Choose the Word or Phrase in [ ] Which Will

question 73

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The higher your income,the [greater | smaller] the probability you will be audited.

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Definitions:

Annuities

Financial products that provide a series of payments at regular intervals, often used as an income stream for retirees.

Present Values

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Compounded Annually

Refers to the calculation of interest where the amount is added to the principal at the end of each year, affecting the total interest over time.

Present Value

The market value now of a future financial amount or cash flows, factoring in a specific rate of gain.