Brent Earned a Score of 91 on a 100-Item Achievement

question 4

Multiple Choice

Brent earned a score of 91 on a 100-item achievement test.Which of the following interpretations is most justified?

• A)He is in the top half of the group.
• B)His percentile score is 91.
• C)His stanine score is 8.
• D)His percentage-correct score is 91.

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Definitions:

Capital Cost Allowance (CCA)

A taxable expense in Canada that allows a business to claim depreciation on capital assets according to the rates prescribed by the Canada Revenue Agency.

Required Rate Of Return

The minimum annual percentage earned by an investment that will induce individuals or companies to put their money into a particular security or project.

Annual Before Taxes

The total income or earnings generated by an entity during a fiscal year before any tax deductions.

Tax Rate

The degree of governmental claim on the earnings or profit of people and companies through taxation.