When Deciding to Buy a New Computer, All of the Following

question 274

Multiple Choice

When deciding to buy a new computer, all of the following should be considered except for the

• A)cost of the new computer.
• B)cost of the old computer.
• C)games that come with the new computer.
• D)warranty on the new computer.

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Definitions:

Abusive Tax Shelter

Investment schemes that are designed primarily to evade taxes, often by exploiting legal loopholes.

Federal Tax Law

Legislation that governs the collection and regulation of taxes at the national level in the United States, including income, corporate, and sales taxes.

Gross Income

The total income earned by an individual or business before any deductions or taxes are taken out.

Ordinary Prudent Person

A legal standard used to determine the level of care that a typical, reasonable person would exercise in a given situation, for purposes of establishing negligence or compliance.