Which Statement About the Consumption of Fast Food in the United

question 17

Multiple Choice

Which statement about the consumption of fast food in the United States is NOT true?

• A) Frequent fast-food consumption has been shown to contribute to weight gain.
• B) The percentage of calories consumed varies by body weight.
• C) Non-Hispanic White adults consume the highest percentage of calories from fast food.
• D) As income increases,the consumption of calories from fast food decreases.

---

Definitions:

Actively Participated

Actively Participated refers to a taxpayer's involvement in the operations and decision-making of an investment or business activity, which may affect tax treatment.

Class Asset

Categories of assets grouped together based on having similar financial characteristics, often used in finance for valuation and risk assessment.

Like-kind Treatment

A tax deferral for exchanges of business or investment properties of similar nature, per Internal Revenue Code Section 1031.

Involuntary Conversion

A loss or destruction of property that is unexpected and not initiated by the property owner, which can have tax implications for gains received from insurance or other compensation.