What Would Be the Value of DiscountRate After the Following

question 35

Multiple Choice

What would be the value of discountRate after the following statements are executed?
double discountRate = 0.0;
Int purchase = 1250;
If (purchase > 1000)
DiscountRate = .05;
If (purchase > 750)
DiscountRate = .03;
If (purchase > 500)
DiscountRate = .01;
Else
DiscountRate = 0;

• A) .05
• B) .03
• C) .01
• D) 0

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Definitions:

Progressive Tax

A progressive tax is a tax system where the tax rate increases as the taxable amount or income goes up, placing a higher burden on wealthier individuals.

Absolute Amount

A total figure or quantity without any adjustments, reductions, or modifications, representing a raw or unadjusted figure.

Tax Rate

The percentage at which an individual or corporation is taxed.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, reflecting the percentage of tax paid on any additional dollar earned.