The Following Table Shows the Value of CPI for Three

question 119

Multiple Choice

The following table shows the value of CPI for three years in a country. Which of the following is the annual inflation rate for 2005?

• A) 1.46%
• B) 3.36%
• C) 4.87%
• D) 1.8%

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Definitions:

Married Filing Separately

A taxation status allowing married individuals to submit separate tax returns, detailing their own earnings, deductions, and exemptions independently.

Moving Expense Distance

The minimum distance the new workplace must be from the taxpayer's old home to qualify moving expenses as deductible, according to IRS rules.

Old Residence

A taxpayer's former primary home or living place before moving to a new location.

Health Insurance Payments

Payments made by individuals or their employers to cover medical expenses and health care costs.