Final answer:
The individual with genotype AaBb can produce four different gametes: AB, Ab, aB, and ab, due to the segregation of alleles during meiosis.
Step-by-step explanation:
The allele combinations possible for gametes generated from an organism with a genotype AaBb are AB, Ab, aB, and ab. During gamete formation through the process of meiosis, each gamete receives one allele from each gene pair. The organism with AaBb genotype can produce gametes with all combinations of one allele for each gene. Therefore, the combinations AB, Ab, aB, ab are generated, encompassing all possible combinations of the two alleles for each of the two genes.