Suppose There Are a Million Habitable Planets in Our Galaxy

question 2

Multiple Choice

Suppose there are a million habitable planets in our galaxy, that one in ten are habitable, that one in a thousand planets with life had at some point had an intelligent civilization, and that one in a hundred civilizations that has ever existed is in existence now. Given this, how many civilizations are in existence now?

• A) 10
• B) 1
• C) 1000
• D) 100

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Definitions:

Section 1250

Section 1250 of the U.S. Internal Revenue Code deals with the tax treatment of gains from the sale of depreciable real property, distinguishing between ordinary income and capital gains.

Short-term Loss

A financial loss realized on the sale or exchange of an asset held for one year or less.

Accumulated Straight-line Depreciation

The total amount of depreciation expense that has been recorded for an asset to date, using the straight-line method of depreciation.

Tax Bracket

A range of incomes taxed at a particular rate under a progressive tax system.