If an Area Was Flooded by the 100-Year Flood Last

question 70

Multiple Choice

If an area was flooded by the 100-year flood last year,what can be concluded?

• A)The next 100-year flood will occur in exactly 100 years.
• B)The next 100-year flood will occur in exactly 99 years.
• C)There is a 1% chance you could be flooded by the 100-year flood again this year.
• D)Another flood of that size will not occur during your lifetime.

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.

Straight-Line Depreciation

A method of calculating the depreciation of an asset, which evenly spreads the depreciable amount over the expected useful life of the asset.

After-Tax Salvage Value

The net value of a disposed asset after accounting for taxes on its sale.

Tax Rate

The fraction of earnings taxed from a person or a company.