Taxpayers May Elect to Include Net Capital Gain as Part

question 27

True/False

Taxpayers may elect to include net capital gain as part of investment income.

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Definitions:

Function

In mathematics, a relation between sets that associates every element of a first set to exactly one element of the second set.

Absolute Value

The distance of a number from zero on the number line, without regard to direction, represented as |x|.

Function

A correspondence between an array of inputs and a choice of outputs, with the rule that each input associates with just one output.

Speed

The rate at which an object moves, calculated as distance traveled per unit of time.