XYZ Borrowed $60,000 for One Year and Signed an 18

question 41

Multiple Choice

XYZ borrowed $60,000 for one year and signed an 18 percent, interest-bearing note payable.Assuming XYZ has an income tax rate of 45 percent, the net effective rate was:

• A)8)1 percent.
• B)9)9 percent.
• C)18 percent.
• D)11.7 percent.

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Definitions:

Incorrect Answers

Responses or solutions that do not accurately address or solve the question or problem at hand.

Time-Out

A behavior-modification technique in which a child who misbehaves is temporarily removed from positive reinforcement.

Misbehaves

To act out or behave badly, contrary to established rules or expectations.

Punishment

A consequence administered to reduce the likelihood of a behavior occurring in the future, often involving an unpleasant or negative experience.