Total Revenue for Apple Computers (In Millions) Was $42,905 in Year

question 139

Multiple Choice

Total revenue for Apple Computers (in millions) was $42,905 in Year 1, $65,225 in Year 2, and $108,249 in Year 3. The average growth rate of revenue during these three years is the closest to ________.

• A) 36.13%
• B) 39.33%
• C) 58.84%
• D) 58.99%

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Definitions:

FICA Taxes Payable

Taxes owed for Federal Insurance Contributions Act, primarily for Social Security and Medicare, withheld from employees' paychecks.

Employer's Payroll Taxes

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The entitlements employees earn towards future pension benefits as a result of their employment.

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Benefits or allowances offered by employers to employees, allowing paid time off from work for personal leisure or rest.