Since the Student Union Is Being Remodeled, There Is a Limited

question 6

Multiple Choice

Since the student union is being remodeled, there is a limited choice of foods and drinks a student can buy for a snack between classes. Students can choose none, some, or all of these items: diet soft drink, hamburger, fries. How many different selections can be made?

• A) 8
• B) 9
• C) 7
• D) 3

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Definitions:

Net Investment Income

The profit or loss derived from investments such as stocks, bonds, mutual funds, and other investment properties, after related expenses are subtracted.

Deduction

An expense that can be subtracted from an individual's gross income to reduce the amount of income subject to tax.

Non-Cash Gifts

Items of value, other than money, given by one party to another, which can include property, stocks, or goods, and may be subject to tax regulations.

Fair Market Value

The price that an asset would sell for on the open market between willing and informed buyers and sellers.