Chad Won a Car Valued at $25,000 from a Game

question 4

True/False

Chad won a car valued at $25,000 from a game show.Because he immediately donated the car to the Red Cross,Chad can exclude $25,000 from gross income.

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Definitions:

Fiber-Optic Cable

A cable made of glass or plastic fibers that transmits data at high speeds using light, commonly used for internet connections.

Ethernet Cable

A type of network cable used for wired networks to connect devices such as computers and routers.

802.11n

802.11n is a Wi-Fi standard that allows for wireless communication with improved speed and range over its predecessors, supporting multiple wireless signals and channels.

802.11ac

A wireless networking standard in the 802.11 family that allows for high-speed internet connections over the 5 GHz band.