Solve the System by the Method of Your Choice $$\begin{array} { r } x + 8 y = 37 \\5 x + 7 y = 20\end{array}$$

question 52

Multiple Choice

Solve the system by the method of your choice. Identify systems with no solution and systems with infinitely many
solutions, using set notation to express their solution sets.
- $$\begin{array} { r } x + 8 y = 37 \\5 x + 7 y = 20\end{array}$$

• A) \(\{ ( - 3,5 ) \}\)
• B) \(\{ ( - 4,6 ) \}\)
• C) \(\{ ( x , y ) \mid x + 8 y = 37 \}\)
• D) \(\varnothing\)

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Definitions:

Holding Periods

The length of time an investment is held before being sold, affecting the tax treatment of any gains or losses.

Partnership %

The percentage of ownership or profit-sharing assigned to each partner in a partnership agreement, determining the distribution of earnings and losses.

§1231 Gain

A type of gain that arises from the sale of property used in a trade or business, which is subject to favorable capital gains tax rates if held for more than one year.

Self-Employment Income

Income generated by an individual directly from one's own business, trade, or profession, rather than from an employer.