Which of the Following Is Considered Investment

question 201

Multiple Choice

Which of the following is considered investment?

• A)Maina purchases a new car for commuting to and from work.
• B)Jane purchases a new car for commuting to and from school.
• C)Johnny buys a new car for his wife as an anniversary gift.
• D)James purchases a new car to replace an old car in his cab business.

---

Definitions:

Charitable Contributions

Financial donations made to non-profit organizations, which can often be tax-deductible.

Tax Rate

The percentage at which an individual or corporation is taxed.

Taxable Income

The portion of income that is subject to taxes after all deductions and exemptions have been applied.

Taxable Income Interval

A range of income subject to taxation, often determined by tax brackets.