Use the Chart to Answer the Question What Is the Difference Between the Greatest Profit and the So

question 381

Multiple Choice

Use the chart to answer the question.
-The NSC (Not So Consistent) Corporation has just completed its first year of business. The following chart shows its monthly profit (or loss) . $\begin{array}{lr}\text { Month } & \text { Profit (Loss) in Dollars } \\\hline \text { January } & -14,526 \\\text { February } & 1874 \\\text { March } & -8977 \\\text { April } & -14,107 \\\text { May } & 14,073 \\\text { June } & 14,632 \\\text { July } & -13,834 \\\text { August } & -13,170 \\\text { September } & -4860 \\\text { October } & 6630 \\\text { November } & -3338 \\\text { December } & -974\end{array}$

What is the difference between the greatest profit and the greatest loss?

• A) \(\$ 2,848\)
• B) \(\$ 106\)
• C) \(\$ 13,658\)
• D) \(\$ 29,158\)

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Definitions:

Indirect Taxes

Taxes that are not directly paid by an individual but instead are levied on goods and services, such as sales tax or value-added tax.

Federal Government

The national government of a federal country, which holds the authority to govern the federation as a whole.

Proportional Tax

A tax system where the rate of taxation is fixed and does not change based on the income level, meaning everyone pays the same percentage of their income in taxes.

Excise Tax

A tax imposed on specific goods, services, or transactions, often included in the price of products like gasoline, tobacco, and alcohol.