Which of the Following Is False

question 65

Multiple Choice

Which of the following is false?

• A) The list of stocks that are included in the Dow Jones Industrial Average changes from time to time, and is determined by the editors of the Wall Street Journal.
• B) The Dow Jones Industrial Average first appeared on the scene in 1896.
• C) When the Dow Jones Industrial Average was first computed, prudent investors bought bonds, not stocks.
• D) The Dow Jones Industrial Average is computed by summing the prices of the thirty stocks included in the average and dividing by 30.

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Definitions:

Base Amount

A specific income threshold set by tax regulations, which may affect the calculation of deductions, credits, or taxes owed.

Credit Calculation

The process of determining the amount of credit that taxpayers are eligible to subtract directly from the taxes they owe to the government.

Nontaxable Social Security

Portions of Social Security benefits that are not subject to federal income tax under certain conditions.

AGI

Adjusted Gross Income; a measure of income calculated from your gross income and used to determine how much of your income is taxable.