When Using Excel,all of the Following Are Needed to Calculate

question 58

Multiple Choice

When using Excel,all of the following are needed to calculate the internal rate of return except:

• A)an estimate of the internal rate of return.
• B)the net present value.
• C)the annual cash inflows and outflows.
• D)the initial cash outflows.
• E)None of the answer choices is correct.

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Definitions:

Standard Deduction

A preset tax deduction amount that reduces taxable income, not requiring itemization.

Joint Return

A combined tax return filed by married couples who choose to report their incomes, deductions, and credits on the same return.

Taxable Income

The amount of an individual's or company's income used to determine how much tax is owed, calculated as gross income minus deductions and exemptions.

Standard Deduction

A predefined tax deduction that reduces the income subject to tax, available to all taxpayers who do not itemize deductions.