Assume That the Sales of a Certain Appliance Dealer Can

question 23

Multiple Choice

Assume that the sales of a certain appliance dealer can be approximated by a straight line. Suppose that sales were $13,500 in 1982 and $65,000 in 1987. Let x = 0 represent 1982. Find the equation
Giving yearly sales S.

• A)S = 51,500x + 65,000
• B)S = 51,500x + 13,500
• C)S = 10,300x + 65,000
• D)S = 10,300x + 13,500

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Definitions:

Education

A process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various means such as teaching, training, storytelling, discussion, and directed research.

Regressive Tax

At the individual level, a tax whose average tax rate decreases as the taxpayer’s income increases. At the national level, a tax for which the average tax rate (= tax revenue/GDP) falls as GDP rises.

Income Tax Base

The total amount of income on which an individual or entity is required to pay income tax.

Sales Tax

A tax levied on the cost (at retail) of a broad group of products.