Solve the problem.A theater has 24 rows with 30 seats in the first row, 33 in the second row, 36 in the third row, and so forth. How many seats are in the theater?

A. 1584 seats
B. 3096 seats
C. 3168 seats
D. 1548 seats


Answer: D

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Solve the problem. Refer to the table if necessary.You are married filing jointly and have a taxable income of $257,431. You make monthly contributions of $926 to a tax-deferred savings plan. Calculate the effect on annual take-home pay of the tax-deferred contribution. If necessary, round values to the nearest dollar.

A. Take-home pay will be $3111 more per year with tax-deferred plan B. Take-home pay will be $3667 more per year with tax-deferred plan C. Take-home pay will be $3667 less per year with tax-deferred plan D. Take-home pay will be $3111 less per year with tax-deferred plan

Solve the problem.Calculate the current yield for a $100 Treasury bond with a coupon rate of 4% that has a market value of $85.

A. 4.24% B. 5.18% C. 4.71% D. 4.00%

Solve the problem. Refer to the table if necessary.Tom and Toni are married and file jointly. Their combined wages were $84,102. They earned a net of $2370 from a rental property they own, and they received $1678 in interest. They claimed four exemptions for themselves and two children. They contributed $3967 to their tax-deferred retirement plans, and their itemized deductions total $10,409. Find their taxable income.

A. $68,583 B. $58,174 C. $63,217 D. $55,283

The present value of an annuity is the present value of a series of equal cash flows that occur in the future.

Answer the following statement true (T) or false (F)