Professor White Asked His Students to Put the Number of Hours

question 77

Multiple Choice

Professor White asked his students to put the number of hours each studied for the final exam on a piece of paper and turn that paper in with the exam.The pieces of paper indicate that students studied 10,3,4,25,1,4,4,12,6,8 and 10 hours.What is the modal number of hours studied?

• A) 10
• B) 25
• C) 4
• D) 1

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Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded, representing liabilities for services or goods received.

Tax Deductible

Expenses that can be subtracted from gross income to reduce the amount of income subject to tax, thereby lowering the tax liability.

Income Tax Rate

The percentage at which an individual or corporation is taxed on their income, which can vary based on the amount of income and the jurisdiction.

Deferred Tax Liability

A tax obligation recognized on a company's financial statements resulting from temporary differences between the tax basis of assets or liabilities and their reported amounts in the financial accounts.