Solve the Problem. -The Population of a Town Is Increasing by 300 Inhabitants

question 90

Multiple Choice

Solve the problem.
-The population of a town is increasing by 300 inhabitants each year. If its population at the beginning of 1990 was 26,587, what was its population at the beginning of 1996?

• A) 318,954 inhabitants
• B) 159,477 inhabitants
• C) 28,087 inhabitants
• D) 28,387 inhabitants

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Definitions:

Preferential Rates

Preferential rates refer to lower tax rates applied to certain types of income, such as qualified dividends and long-term capital gains, compared to ordinary income tax rates.

Capital Loss

The loss incurred when a capital asset, like stocks or real estate, is sold for less than its purchase price.

Taxpayer

A taxpayer is an individual or entity that is obligated to pay taxes to a federal, state, or local government body.

FMV

Fair Market Value, the price that a property or asset would sell for on the open market between a willing buyer and a willing seller.