Alysha Has $500 in Monetary Assets and $5,000 in Current

question 94

Multiple Choice

Alysha has $500 in monetary assets and $5,000 in current liabilities.What is her current ratio?

• A)0.100 percent
• B)0.10 times
• C)100 percent
• D)10 times

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Definitions:

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the taxpayer's total income.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, showcasing how much tax will be paid on an additional dollar of income.

Taxable Income

The amount of an individual's or corporation's income used to determine how much tax is owed to the federal government.

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.