THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 69

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A local real estate broker has collected data on the sales of 128 homes.She is interested in looking at the selling price of the house as well as the length of time the house was for sale.She prepared the following two-way table.
-What proportion of all houses sold in either less than 90 days or sold for $150K or more?

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Definitions:

Foreign Tax Credit

A credit that reduces the U.S. federal income tax liability for taxpayers paying or accruing income tax to foreign countries, preventing double taxation.

Premium Tax Credit

A refundable tax credit designed to help eligible individuals and families with low to moderate income afford health insurance purchased through the Health Insurance Marketplace.

Taxpayer Contribution Amount

The sum of money contributed by a taxpayer towards taxes, retirement accounts, or other eligible investments, potentially affecting tax calculations.

AGI

Adjusted Gross Income is gross income minus adjustments to income, serving as a key figure in determining taxable income and eligibility for certain tax benefits.