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Part 1 - A payday loan company charges 2.2 percent interest for a two-week period. What would be the annual interest rate from that company?

Part 1 - A payday loan company charges 2.2 percent interest for a two-week period. What would be the annual interest rate from that company? (Assume an even 52 weeks per year. Enter your answer as a percent rounded to 1 decimal place.)

Part 2 - A worker's primary goal should be to

Multiple Choice

  • Pay his or her taxes using estimates for income and deductions.

  • Pay no income taxes.

  • Pay the average tax rate for people working in his or her industry.

  • Pay his or her fair share of taxes while taking advantage of appropriate tax benefits.

  • Pay no taxes of any type.

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