The Dot Corporation Has Changed Its Year-End from a Calendar

question 63

Multiple Choice

The Dot Corporation has changed its year-end from a calendar year-end to August 31. The income for its short period from January 1 to August 31 is $54,000. The tax for this short period is:

• A)$2,040
• B)$6,250
• C)$8,667
• D)$10,572

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Definitions:

Confidence Interval

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Sampling Frame

The individuals or clusters of individuals in a population who might actually be selected for inclusion in the sample.

Quota Sampling

A sampling method where the selection of participants is based on pre-specified characteristics or quotas to ensure representation.

Nonprobability Sampling

A sampling technique where the samples are gathered in a process that does not give all the individuals in the population equal chances of being selected.