Use the Information for the Question(s)below

question 35

Multiple Choice

Use the information for the question(s) below.

-A florist is buying a number of motorbikes to expand its delivery service. These will cost $87 000, but are expected to increase profits by $3 000 per month over the next four years. What is the payback period in this case?

• A)29 months
• B)18 months
• C)12 months
• D)24 months

---

Definitions:

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

Biweekly Deductions

Regular expenses or amounts taken from a paycheck or budget every two weeks.

Head of Household

A tax filing status for an unmarried individual who pays more than half the cost of maintaining a home for themselves and a qualifying person.

Married Taxpayers

Individuals who are legally married and may choose to file income tax returns jointly or separately.