Afarmer can grow wheat or corn. she grows corn because it will make more money than wheat. the value of the wheat crop she chose not to grow could best be described as

C) the taxpayer's type of business

Explanation:

When we talk about taxation of income, then the US Government has this basis in which the citizenship, the marital status and whether the citizen is resident, the nature of income earned, it all matters.

US federal tax is determined based on various factors, but is not determined on the status of the type of business, as whether it is from retail or from manufacturing unit, it is not the concern of federal system.

The tax system is based to tax the income whatever is the source, although there are certain exceptions.