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Leo and June Eat a Processed Food Diet

question 155

Multiple Choice

Leo and June eat a processed food diet. Basically everything they eat is from a box, bag, can, or other container. They have been married for two years and they are trying to get pregnant. She has been through fertility tests and they all have come back normal. So now they are concerned with Leo's health. Leo has agreed to have a total health assessment including diet analysis, body composition, lipid profile, blood glucose, and blood pressure in addition to seeking medical advice for male fertility. Meanwhile, June is reading up on fertility, diet, and health for both of them. Her sources of information include: Men's Magazine, the local newspaper, and the following websites: Diet-and-Health.net, healthfinder.gov, and eMaxHealth.com.
As Leo had his 1-day diet analyzed, he noted that he took a Hungry Man frozen entrée out of the freezer to thaw at 7:30 AM. June opened it and warmed it up for him at 5:00 PM, but Leo didn't return home to eat it until 10:00 PM. Leo stated that he had gastrointestinal distress including cramps and diarrhea shortly after eating lunch that day. Then, within 45 minutes of eating his dinner, he had violent flu like symptoms that lasted 36 hours. Following are the results of Leo's total health assessment and diet analysis based upon a typical day of eating for him.

-Which characteristic of a sound diet did Leo's diet comply with?

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Like-kind Exchange

A tax-deferred exchange of similar properties under section 1031 of the U.S. Tax Code.

Installment Method

A tax method allowing income recognition from sales or transfers of property over time as the seller receives payments.

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Payments or income that are delayed to a future date, which can have various tax implications depending on the nature of the deferral and the tax rules applicable.

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The original value of an asset adjusted for factors such as depreciation or improvements.