Choose one of the scenarios below to analyze and answer. Your textbook readings will be a good resource for this assignment as these images and questions are from the textbook

First Choice

1. Death rate According to Median Income:

Death Rate According to Median Household Income:

Source: Analysis of federal Centers for Medicare & Medicaid Services

Did you know that 17.1% is more than double 15.6%? "Ridiculous!" you say.

1a. Explain how the graph suggests such a relationship.

1b.How could this misrepresentation be corrected?

1c. Redraw this graph to correctly show the relationship between 17.1% and 15.6%.

Second choice:

2. The pie chart is drawn correctly, but it gives an incorrect impression.Working Extra Years for Retirement

Source: Sun Life survey of 1,200 adults 30 to 66 years old. Margin of error: 3 percentage points.

2a. The area of each circle segment should be proportional to the percentage it represents. Explain how you can use the ribs of the umbrella to verify that the segments are correctly drawn.

2b. Explain why and how the graph is misrepresentative.

Third choice

What do you Plan to Spend your Tax Refund on?

Source: National Retail Federation 2009 Tax Returns Consumer Intentions and Actions survey of 8,426 consumers. Margin of error 1 percentage point.

This statistical offering is a rather clever graphic using artistic license along with bills as the bars of a bar graph. An "A for effort," as you have heard before, but the scale aspects of the graph have been compromised.

3a. Identify how and where the scale for percentage is misrepresented.

3b. If you were advising the artist, how would you have him or her adjust the bills to correct the problem described in answer to part a?

Questions 25 thru 20 refer to Theresa Kearney Corporation whose Income Statement showed Net Income [for book purposes] Before Taxes of $20,000. The tax rate is 25%. [Consider each question as a stand-alone scenario] 25] 25] 27] 29] If Depreciation Expense for tax purposes is $4,000 higher than what was used for book purposes, the entry to record taxes is : A] Income Tax Expense...4,000 Income Tax Payable......4,000 B] Income Tax Expense ..... 4,000 Deferred Tax Asset.......1,000 Income Tax Payable ...... 5,000 C] Di Income Tax Expense ..... 5,000 Income Tax Payable.........5,000 Income Tax Expense ..... 5,000 Deferred Tax Liability.......1,000 Income Tax Payable.........4,000 If book Revenues [correctly] excluded $4,000 of cash collected related to ng year, the entry to record taxes is: Revenue that will be earned in a followi A] Income Tax Expense...5,000 Income Tax Payable......5,000 0] Income Tax Expense ..... 5,000 Income Tax Payable.........6,000 B] Income Tax Expense ..... 5,000 Deferred Tax Asset.......1,000 Income Tax Payable ...... B, 000 Di Income Tax Expense ..... 5,000 Deferred Tax Liability.......2,000 Income Tax Payable.........4,000 If book Revenues included 84,000 that will not be taxable until a following year, the entry to record taxes is: A] Income Tax Expense...4,000 Income Tax Payable ..... 4,000 0] Income Tax Expense ..... 5,000 Income Tax Payable.........5,000 B] Income Tax Expense....4,000 Deferred Tax Asset......1,000 Income Tax Payable ...... 5,000 D] Income Tax Expense ..... 5,000 Deferred Tax Liability.......1,000 Income Tax Payable.........4,000 If the Expenses include 54,000 of items that are permanently deductible for tax purposes, the entry to record taxes Is : A] Income Tax Expense...4,000 0] Income Tax Expense ..... 5,000 Income Tax Payable ..... 4,000 Income Tax Payable.........5,000 B] Income Tax Expense....4,000 D] Income Tax Expense ..... 5,000 Deferred Tax Asset......1,000 Income Tax Payable ...... 5,000 Deferred Tax Liability ..... 1,000 Income Tax Payable.........4,000 ct Question 7 0 / 2 pts Use the following Total Tax / Annual Income relationship to determine which of the following would be used to calculated the Total Tax for an Annual Income of $58,900? Annual Income x $0. 10. 1f 50 5 Annual Income $ $9.525 $952. 50 + (Annual Income - 9,525) x 50.12, if $9,525