Below Is a Graph of Enzyme Activity as a Function

question 61

Multiple Choice

Below is a graph of enzyme activity as a function of pH.Given the information on this graph, where is pepsin most likely to be found?

• A) stomach (pH 2)
• B) liver (pH 5)
• C) pancreas (pH 7)
• D) blood (pH 7.4)
• E) small intestine (pH 8)

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Definitions:

Deferred Gain

A profit from the sale of property or an investment that has been realized but not recognized for tax purposes in the current period.

IRC Section 121

A provision in the Internal Revenue Code that allows homeowners to exclude up to $250,000 ($500,000 if married filing jointly) of capital gains on the sale of their primary residence, subject to certain conditions.

Receipt of Boot

Tax term referring to non-like-kind property or cash received in an exchange, which may trigger taxable gain.

Like-kind Exchange

A tax-deferred exchange of similar properties under section 1031 of the U.S. Tax Code.