What Is the EAR of 14

question 28

Multiple Choice

What is the EAR of 14.9 percent compounded continuously? 

• A) 15.59 percent 
• B) 15.62 percent 
• C) 15.69 percent 
• D) 15.84 percent 
• E) 16.07 percent 

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Definitions:

Standard Deduction

A fixed dollar amount that reduces the income on which an individual is taxed, and varies according to filing status, with no itemization required.

State Taxes Paid

State Taxes Paid refers to the total amount of money paid by an individual or entity to a state government, including income, sales, and property taxes, which may be deductible on federal tax returns.

Tax Return

A form filed with a federal, state, or local tax collection agency detailing income, expenses, and other pertinent tax information, used to calculate tax liability.

Accounting Services

Professional services that deal with the recording, reviewing, and interpreting financial transactions and statements.