Which of the Following Is an Example of an Intermediate

question 118

Multiple Choice

Which of the following is an example of an intermediate good or service?

• A) The purchase of a new yacht by a boating enthusiast
• B) The purchase of lumber by a construction company
• C) The salaries paid to military personnel
• D) The salary earned by a construction worker

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Definitions:

Filing Joint Return

The tax filing status used by married couples who choose to combine their income and report it on one tax return.

Qualifying Widow(er)

A tax filing status available to a widowed individual with dependents, providing eligibility for standard deduction and tax rates that are more favorable for a specific period following the spouse's death.

Qualifications

The skills, experience, and education required to perform a job or task, or criteria to receive a benefit.

File

To file means to submit documents officially to a required authority, often used in the context of filing taxes or legal paperwork.