Which of the Following Would Have a Low Likelihood of Being

question 75

Multiple Choice

Which of the following would have a low likelihood of being organized as a profit center?

• A)A movie theater of a company that operates a chain of theaters.
• B)A maintenance department that charges users for its services.
• C)The billing department of an Internet Services Provider (ISP).
• D)The mayor's office in a large city.
• E)Both "C" and "D" abovE.

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Definitions:

Taxpayer

A taxpayer is an individual or entity that is obligated to pay taxes to a federal, state, or municipal government body, based on earned income, property ownership, or consumption of goods and services.

Interest Income

Income earned from lending funds or depositing funds in interest-bearing accounts, subject to taxation.

Form 1040EZ

A simplified federal income tax form for individuals with uncomplicated tax situations, no longer in use after 2018, replaced by the redesigned Form 1040.

Form 1040

The customary Internal Revenue Service (IRS) document utilized by individuals for the purpose of filing their annual earnings tax returns.