What Percent of $65 Is $1625

question 304

Multiple Choice

What percent of $65 is $1625?

• A) 25%
• B) 2.5%
• C) 250%
• D) 2,500%
• E) 0.25%

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Definitions:

Retirement Savings

Funds that have been set aside or invested with the goal of providing financial security for retirement.

Contributions Credit

Contributions credit generally refers to tax credits available for contributions to certain types of saving plans or charitable organizations.

Qualified Retirement Plan

A retirement savings plan recognized by the IRS that offers tax benefits to both employers and employees.

Child Tax Credit

A tax credit available to taxpayers for each qualifying dependent child, aimed at reducing the taxpayer's liability.