Arnie was the beneficiary of his wife's life insurance policy. He received $100,000 in June from the policy after his wife's death. He also sold some land that he had purchased a couple of years earlier. He sold the land for $6,000. He only paid $3,500 for the land when he bought it. Arnie is self-employed and earned a profit in his business of $55,000 (ignoring the self-employment tax deduction). What is the amount of Arnie's gross income for the current year

$161,000

Explanation:

Gross Income is the total receipt or payment to an individual or other economic entity, without accounting or adjusting for taxes or depreciation.

When taxes or wear & tear have to be deducted or accounted for, the measure is Net Income.

Although the question gives information about the price Arnie bought the land years back, we will ignore, as we are calculating gross income for the current year and not net income.

Arnie's gross income for the current year is now;

$100,000 + $6,000 + $55,000

= $161,000

This is the gross income received by Arnie in the current year.

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.

answer(d) all of the choices are correct;