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Adam Andrews of the Quit Today Institute wants to know how many students at the local university smoke cigarettes.Adam obtains a list of phone numbers for every student enrolled at the college from the Dean.He selects students from the 24 000 on the list by taking every fiftieth student,giving him a sample of 480 students. What sampling method is Adam Smith using?
Casualty Loss Deduction
A tax deduction that allows taxpayers to deduct losses caused by sudden, unexpected or unusual events such as natural disasters, fires, or thefts.
Fair Market Value
The price at which an asset would sell under normal market conditions between a willing buyer and seller, both having reasonable knowledge of the facts.
Adjusted Gross Income
An individual's total gross income minus specific deductions, used to determine taxable income.
Itemized Deductions
Specific expenses listed on a taxpayer's return that can reduce taxable income, such as mortgage interest and medical expenses.