Perform the Indicated Operation $$\frac { 7 } { 8 } \div \frac { 1 } { 2 }$$

question 82

Multiple Choice

Perform the indicated operation. Where possible, reduce the answer to its lowest terms.
- $$\frac { 7 } { 8 } \div \frac { 1 } { 2 }$$

• A) \(\frac { 7 } { 16 }\)
• B) \(\frac { 9 } { 8 }\)
• C) \(\frac { 4 } { 5 }\)
• D) \(\frac { 7 } { 4 }\)

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Definitions:

Foreign Taxes

Taxes paid to a foreign government on income earned outside of the taxpayer's country of residence.

Schedule A

An itemized deductions form where taxpayers list eligible expenses to reduce their taxable income, including medical, taxes paid, interest, gifts to charity, and casualty losses.

Foreign Tax Credit

A permanent tax credit for income taxes handed over to an overseas authority as a consequence of foreign income tax deductions.

Appreciated Capital Gain Property

Property that has increased in value over time, where the capital gain realized from its sale is taxed at a possibly reduced rate depending on the duration of ownership.