The Structure of a Road Is Composed of

question 18

Multiple Choice

The structure of a road is composed of

• A)sub-grade
• B)sub-base
• C)base
• D)all of these

---

Definitions:

Basis

The amount of investment in property for tax purposes, used to calculate gain or loss upon sale or disposition of the property.

Subchapter S

A designation of corporation that meets specific Internal Revenue Service criteria, allowing it to be taxed as a pass-through entity, avoiding double taxation.

Taxable Income

The portion of a person's or a company's income used to determine how much tax is owed to the government.

Book Income

The income reported by a corporation for financial reporting purposes, which may differ from taxable income calculated for tax purposes.