Public Utilities Such as Water and Wastewater Services Constitute Part

question 39

Multiple Choice

Public utilities such as water and wastewater services constitute part of

• A)business services.
• B)distributive services.
• C)producer services.
• D)professional services.
• E)social services.

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Definitions:

Primarily Rental

Refers to property or real estate primarily used for rental purposes, where the primary intent is to generate rental income from tenants.

Personal Use

The use of a property or asset for individual needs or consumption, not for business or professional purposes.

Royalty Income

Income derived from the use of an individual's property, such as patents, copyrighted works, mineral rights, or other assets, that is paid by the user to the proprietor or creator.

Schedule C

A form used by sole proprietors to report profits or losses from a business to the IRS.