Figure 18-1 -According to the Graph in Figure 18-1, the Tax Is

question 152

Multiple Choice

Figure 18-1
-According to the graph in Figure 18-1, the tax is which of the following?

• A)400
• B)600
• C)1,000
• D)200

---

Definitions:

Revenue

Income generated from normal business operations, usually from the sale of goods and services to customers.

Lessor

An entity or individual that leases or rents out an asset to another party, known as the lessee.

Lessee

A lessee is an individual or entity that leases an asset from another party, known as the lessor.

Lease Contract

is an agreement wherein one party allows another to use an asset, such as property or equipment, for a specified period in exchange for payment.