Any Section 179 Deduction That Is Not Allowed Currently Due

question 45

True/False

Any Section 179 deduction that is not allowed currently due to the taxable income limitation may be carried over and deducted in future years.

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Definitions:

Punishment

The imposition of a penalty or consequence as a result of a person's actions or behaviors, intended to reduce or eliminate those behaviors.

Intrinsic Motivation

The drive to perform activities for their own sake and for the internal satisfaction and fulfillment they bring, rather than for external rewards.

Expectancy Theory

A motivation theory stating that an individual's motivation is influenced by the belief that effort will lead to performance and performance will lead to desired rewards.

Need-Based Theory

A theory that emphasizes understanding human motivation in terms of specific needs, such as safety, esteem, and self-actualization.