Which of the Following Is Not True Regarding a Tax

question 91

Multiple Choice

Which of the following is not true regarding a tax refund loan?

• A)It is an inexpensive way to borrow money.
• B)It lets you get an advance on a tax refund.
• C)APRs as high as 774 percent have been reported.
• D)An alternative to these loans is to ask for more time to pay a bill.
• E)A cash advance on your credit card may cost less.

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Definitions:

Divorce Rate

The statistical measure of divorces per population in a given society, often calculated per year or as a percentage of marriages.

Cohabit Before Marriage

The practice of living together and having a sexual relationship without being married.

Elisabeth Kübler-Ross

A psychiatrist who developed the Kübler-Ross model, which outlines the five stages of grief experienced by terminally ill patients.

Stages of Dying

A conceptual framework outlining the typical phases experienced by individuals approaching death, often including denial, anger, bargaining, depression, and acceptance.