Which of the Following Groups Are Overrepresented in Rural Areas

question 24

Multiple Choice

Which of the following groups are overrepresented in rural areas (approximately 82%) when compared with 62% in metropolitan areas?

• A) African-Americans
• B) Asian-Pacific Islanders
• C) Caucasians
• D) Native Americans

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Definitions:

Single Category Average Cost Method

A method for calculating the cost basis of mutual funds, ETFs, or stocks for tax purposes, where all shares are considered to have the same average cost.

Long-term Loss

A loss realized on the sale or exchange of a capital asset held for more than one year.

Gift Tax

A tax on the transfer of assets or money from one person to another without receiving something of equal value in return, in excess of annual and lifetime exemptions.

Section 1231

A tax provision that allows for the preferential tax treatment of gains and losses on the sale or exchange of business property and assets held for more than one year.