Essentials of Modern Business Statistics with Microsoft Office Excel (Book Only)
7th Edition
ISBN: 9781337298353
Author: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
Publisher: South-Western College Pub
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On December 17, 2010, the Wilmington, North Carolina StarNews carried an Associated Press report headlined "13 million get unexpected tax bill from Obama tax credit". The report said that
The Internal Revenue Service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. However, the number of refunds dropped by 3.5 percent to 93.3 million.
What was the percentage increase in the average tax refund from 2009 to 2010?
$2,892 - $2,663= 229 ÷ $2,663= 0.08599324% was the percentage increase from 2009 to 2010.
How many refunds were there in 2009 and in 2010? (Use the information given in the problem to find your answer.)
c. The number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total dollar amount refunded changed from 2009 to 2010. Find that change in both absolute and percentage terms
on december 17, 2010 the wilmington, north caroline StarNews carried on associated press report headlined "13 million get unexpected tax bill from Obama tax credit". The report said that the international revenue service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. however, the number of refunds dropped by 3.5%, to 93.3 million.
how many refunds were there in 2009 and in 2010?
on december 17, 2010 the wilmington, north caroline StarNews carried on associated press report headlined "13 million get unexpected tax bill from Obama tax credit". The report said that the international revenue service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. however, the number of refunds dropped by 3.5%, to 93.3 million.
the number of refunds decreased while the average refund increased, so you need some arithmetic to decide how the total amount refunded changed from 2009 to 2010. find that change, in both absolute and percentage terms.
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- on december 17, 2010 the wilmington, north caroline StarNews carried on associated press report headlined "13 million get unexpected tax bill from Obama tax credit". The report said that the international revenue service reported that the average tax refund was $2,892 in the 2010 filing season, up from $2,663 in 2009. however, the number of refunds dropped by 3.5%, to 93.3 million. what was the percentage increase in the average tax refund from 2009 to 2010?arrow_forwardWhich of the following examples are tax credits that people can receive? Select all that apply. care for the elderly credit adoption credit earned income tax credit mortgage interest creditarrow_forwardany help is apperciatedarrow_forward
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