Which of the Following Is Not Considered a Basic Need

question 29

Multiple Choice

Which of the following is not considered a basic need for a child?

• A) Clothing
• B) Food
• C) Video games
• D) Shelter

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Definitions:

FMV

Fair Market Value, the price at which property would sell on the open market between a willing buyer and a willing seller.

Partnership Basis

The amount invested in a partnership by the partners, adjusted for additions, withdrawals, and the individual's share of partnership profits or losses.

Partnership Basis

Refers to an individual partner's investment in a partnership, used for determining the tax implications of the partnership's operations on the individual.

Equal Partners

Individuals or entities that share equally in the rights, responsibilities, and profits of a partnership.