Answer:

The false branch will execute:


+------------------------------------------------+
| IF AGE  < 24 THEN   <-- false                  |   
| +---------------------------------------+      |                           
| | LET RATE = 0.70                       |      |
| +---------------------------------------+      |
| ELSE                                           |
| +---------------------------------------+      |
| | IF  AGE < 65 THEN                     |      |
| |   LET RATE = 1.0                      |      |
| | ELSE                                  |      |
| |                                       |      |
| |   LET RATE = 0.75                     |      |
| |                                       |      |
| | END IF                                |      |
| +---------------------------------------+      |
|                                                |
| END IF                                         |
+------------------------------------------------+

Innermost IF Statement

Now zoom in on the inside box that has been picked:

    IF AGE < 65  THEN
      LET RATE = 1.0
    ELSE
      LET RATE = 0.75
    END IF

It is a little program, even though it is part of a larger program (which in turn is part of an even larger program.)

QUESTION 9:

AGE contains 77. Which branch of the IF of this little program will execute?