24) The amount that must be invested now to receive a series of payments in the

Business & Finance
Tutor: None Selected Time limit: 1 Day

24) The amount that must be invested now to receive a series of payments in the future is called a sinking fund. 

A) True B) False

Apr 26th, 2015

That would be an annuity.

So, B) False

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Apr 26th, 2015

Gross earnings are also referred to as: 

A) take-home pay 

B) gross margin 

C) gross profit 

D) the amount earned before deductions

Apr 26th, 2015

D) the amount earned before deductions

Apr 26th, 2015

The amount of federal income tax to be withheld from employee's paychecks can be calculated by: 

A) only by the percentage method 

B) either the percentage method or the wage-bracket table method 

C) the percentage-bracket method 

D) only by the wage-bracket method

Apr 26th, 2015

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Apr 26th, 2015
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