The Following Correlations Were Computed as Part of a Multiple

question 9

Multiple Choice

The following correlations were computed as part of a multiple regression analysis that used education, job, and age to predict income. Which independent variable has the strongest association with the dependent variable?

• A) Income
• B) Age
• C) Education
• D) Job

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Definitions:

Land

Land is a tangible asset representing a piece of earth's surface which is owned and has a specific value attached to it, often used for commercial or residential purposes.

Income Tax Expense

The total amount of income tax that a company calculates it owes for a specific period.

Provincial Income Tax

The tax levied by a provincial government on the income of individuals and organizations within its jurisdiction, varying from province to province.

Federal Income Tax Payable

Liabilities owed to the federal government for income taxes that have been incurred but not yet paid.